Green Ammonia & Hydrogen Project in Odisha: TSSEZL & Hygenco Partnership
May 03, 2024 23:17
Tata Steel Special Economic Zone Limited (TSSEZL) and HHP Five Private Limited (Hygenco) have signed an MoU to establish a green hydrogen and green ammonia project in Odisha's Gopalpur Industrial Park.
Bhubaneswar, May 3 (PTI) Tata Steel Special Economic Zone Limited (TSSEZL) and HHP Five Private Limited (Hygenco) on Friday inked a memorandum of understanding (MoU) to establish a green hydrogen and green ammonia project at TSSEZL's Gopalpur Industrial Park (GIP) in Odisha's Ganjam district.
Under the agreement, Hygenco will acquire land in Ganjam district to establish its green hydrogen, green ammonia, and derivatives unit, according to the agreement.
Hygenco, known for producing low-cost green hydrogen, aims to produce 1 million tonnes per annum (1 MnTPA) from this plant in phases, with the initial phase scheduled for commissioning by December 2026, it said.
Manikanta Naik, managing director of TSSEZL, expressed satisfaction for having Hygenco onboard, noting that the total committed capacity of green hydrogen and green ammonia manufacturing at the industrial park now stands at around 2.6 MnTPA, solidifying it as a green hydrogen and ammonia hub in India.
Amit Bansal, founder and CEO of Hygenco, highlighted their aim to produce the lowest-cost green ammonia for clients and their strategic vision of being a dominant player in the sector worldwide.
The green ammonia produced will be exported through the existing Gopalpur port facility, with the utility corridor, currently under development, expected to enhance logistics and pipeline connectivity for the project.
Hygenco has already secured several long-term off-take agreements for green hydrogen in India, including the country's first megawatt scale plant in Hisar, Haryana.
TSSEZL had previously signed similar agreements with other manufacturers for setting up green hydrogen and ammonia projects of 1.6 MnTPA at Gopalpur Industrial Park.
Home »
Market News » Green Ammonia & Hydrogen Project in Odisha: TSSEZL & Hygenco Partnership
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
Glenmark, Sun Pharma, Zydus Recall Products in US
Glenmark, Sun Pharma, and Zydus are recalling various products in the US due to...
US Trade Uncertainty Impacts Asian Growth: Moody's
Moody's warns that US trade policy uncertainties will undermine business confidence and...
Top 10 Firms Valuation: HUL Leads Gains
Five of India's top 10 valued companies added Rs 84,559 crore in market valuation last...
US-China Tariff War, Earnings to Drive Markets...
Analysts predict market volatility due to US-China trade tensions and earnings releases...
Latur Investment Summit Attracts Rs 2,268 Cr MoUs
Latur, Maharashtra, witnessed a successful investment summit, attracting Rs 2,268 crore...
NHPC Starts 107 MW Solar Plant in Bikaner
NHPC has started commercial operation of a 107 MW solar plant in Bikaner, Rajasthan....
Delhi's Single Window System for Investors:...
Delhi government is developing a single window system to streamline investor...
PNB Launches 34 New Products on 131st Anniversary
Punjab National Bank (PNB) celebrated its 131st foundation day by launching 34 new...
India Tackles Data Centre Energy Needs: IT...
India's IT Ministry is collaborating with the Power Ministry to address the growing...
Chandrapur Investment Summit: Rs 17,432 cr MoUs...
Chandrapur District Investment Summit sees Rs 17,432 crore MoUs signed, including 7 in...
Read More »