Business

Adani and TotalEnergies to Develop World’s Largest Green Hydrogen Ecosystem, Will Invest $50 Billion

Gautam Adani, Chairman, Adani Group and Patrick Pouyanné, Chairman & CEO, TotalEnergies

Highlights

  • Adani New Industries Ltd to invest $50 billion in Green Hydrogen
  • This is India’s biggest ever commitment in the field of Green Hydrogen
  • ANIL to develop production capacity of 1 million tonnes per annum before 2030

The world’s largest green hydrogen ecosystem is going to be established in India in the coming times. An agreement has been signed between Indian giant Adani and France’s leading energy company Total Energies for this world’s largest project. “In this strategic tie-up, Total Energy will acquire a 25 per cent minority stake in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL),” the statement said.

According to the Adani Group, this new partnership focused on Green Hydrogen is expected to make major changes in the energy sector in India and globally. With both Adani and Total Energy already doing well in the energy transition and clean energy space, this joint energy platform will further strengthen the public ESG commitments made by both companies.

ANIL will invest more than US$ 50 billion in green hydrogen and allied ecosystems over the next 10 years. In the initial phase, ANIL will develop green hydrogen production capacity of 1 million tonnes per annum before 2030.

Chairman of Adani Group on this agreement gautam adani The Adani-Total Energy partnership has immense strategic value, both at the business and ambition levels. In our journey to become the world’s largest green hydrogen producer, the partnership with Total Energies adds a number of dimensions to it. R&D, access to the market and understanding of the end consumer. This fundamentally facilitates us in shaping market demand. That is why I see such partnerships going strong even further. Our belief in our ability to produce the least expensive electron will drive our ability to produce the world’s least expensive green hydrogen.”

President and CEO of Total Energies Patrick Payne “Total Energy’s entry into ANIL is a major milestone in our renewable and low carbon hydrogen strategy, where we aim to not only decarbonize the hydrogen used at our European refineries by 2030, but also to meet demand.” We also want to pioneer the large-scale production of green hydrogen for

ANIL aims to be the largest fully integrated green hydrogen player in the world, with presence across the entire value chain, from the manufacturing of renewable energy and green hydrogen equipment (solar panels, wind turbines, electrolysers etc.) to mass production .

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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