Sembcorp Industries (SG:U96) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Sembcorp Industries and PT PLN Energi Primer Indonesia have signed a joint development agreement to establish Southeast Asia’s largest green hydrogen project in Sumatra, Indonesia. This initiative aims to create a green hydrogen hub connecting Sumatra, the Riau Islands, and Singapore, marking a significant step towards sustainable energy in the region. The project is currently moving into detailed engineering and commercial structuring, following a successful feasibility study.
For further insights into SG:U96 stock, check out TipRanks’ Stock Analysis page.