Industrial gas company Pakistan Oxygen Limited (POL) has announced that it will install a state-of-the-art oxygen plant in Rashakai Special Economic Zone of the premier China Pakistan Economic Corridor (CPEC), in Pakistan.
The company - formerly known as Linde Pakistan Limited - will invest $15m into the project, adding to its 12 existing operational plants in the country.
According to the company, the project will open new avenues for direct and indirect employment and training of local skilled and unskilled resources.
“In pursuance of the same, CEO of POL, and RSEZDOC (CRBC) has signed an Allotment Agreement and Renewable Energy Electric Supply Agreement,” said the company in a statement.
Specialising in both medical and industrial gases, POL is one of Pakistan’s leading suppliers of welding gases.
The plant is expected to begin operations by the end of 2023.
