KARACHI: Pakistan Oxygen Limited (POL) has announced a major investment of Rs1.3 billion to set up a state-of-the-art hydrogen production facility at Port Qasim. In a filing to the stock exchange, the company stated that the new facility will meet the rising hydrogen demand from its key strategic customers, marking a significant step towards cleaner energy solutions in Pakistan.
Meanwhile, Clover Pakistan Limited (CPL) disclosed in a separate stock filing that its board of directors has approved plans to explore the feasibility of investing in or acquiring a company operating in the oil marketing sector. The board has also authorised the appointment of advisors, valuators, and consultants to assess funding sources and evaluate the proposed investment.
