Tata and Hygenco Inc. tie up for green ammonia and green hydrogen

by worldysnews
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New Delhi. Tata Steel Special Economic Zone Limited (TSSEZL) and HHP Five Private Limited (Hygenco) on Friday inked a Memorandum of Understanding (MoU) to set up a green hydrogen and green ammonia project at TSSEZL’s Gopalpur Industrial Park (GIP) in Ganjam, Odisha. Signed. District. Under the agreement, Hygenco will acquire land in Ganjam district to set up its green hydrogen, green ammonia and derivatives unit. Known for producing low-cost green hydrogen, Hygenco aims to produce 1 per annum per year in phases from this plant. to produce 1 million tonnes (1 MNTPA), the initial phase is scheduled to be commissioned by December 2026. Manikant Naik, Managing Director, TSSEZL, expressed satisfaction at the induction of Hygenco, adding that the industrial park will produce green hydrogen and green ammonia. The total committed manufacturing capacity is now around 2.6 MNTPA, cementing it as the green hydrogen and ammonia hub in India.
Amit Bansal, Founder and CEO of Hygenco, highlighted its goal to produce the lowest cost green ammonia for customers and its strategic vision to be a major player in this sector across the globe. The green ammonia produced will be supplied to the existing Gopalpur port facility. The project, along with the utility corridor, currently under development, is expected to enhance logistics and pipeline connectivity. Hygenco has already secured several long-term off-take agreements for green hydrogen in India TSSEZL had earlier signed similar agreements with other manufacturers to set up green hydrogen and ammonia projects of 1.6 MnTPA at Gopalpur Industrial Park.

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2024-05-04 23:02:36

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