July 14, 2024
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Adani Group Establishes Partnership for Green Hydrogen Marketing in Japan

Adani Group has announced a 50:50 joint venture with the Japanese conglomerate Kowa Group to market green hydrogen in Japan, Taiwan, and Hawaii. The billionaire-led Adani conglomerate is committing up to $50 billion over the next decade to establish a comprehensive green hydrogen ecosystem in India, initially producing 1 million tonnes of green hydrogen and eventually scaling up to 3 million tonnes.

Adani Global Pte Ltd, a subsidiary of Adani Enterprises Ltd, is partnering with Kowa Holdings Asia Pte Ltd for the sales and marketing of green ammonia, green hydrogen, and their derivatives. This joint venture will primarily focus on promoting these products in Japan, Taiwan, and Hawaii.

Hydrogen is considered a clean energy source, with green hydrogen produced through the use of renewable electricity, such as solar power, to extract hydrogen from water molecules using electrolysis.

Adani is already a major player in renewable energy production and plans to expand its solar module manufacturing capabilities in Gujarat to 10 GW per annum to support the green hydrogen project. Seawater desalination will be employed to ensure cost-effective green hydrogen production.

The partnership with Kowa represents a strategic extension of Adani Group’s existing trading relationship. Adani New Industries Ltd (ANIL), the green hydrogen platform of Adani Group, is working on comprehensive solutions for the large-scale production of competitive green hydrogen and its sustainable derivatives.

ANIL’s initial project, aiming to produce 1 million metric tonnes per annum (MMTPA) of green hydrogen, will be implemented in phases in Gujarat, with production expected to commence by FY2027. Depending on market conditions, ANIL intends to increase capacity to up to 3 MMTPA of green hydrogen over the next decade, with a $50 billion investment.

Clean hydrogen has the potential to decarbonize various sectors, including transportation, chemicals, and heavy industries like iron and steel. ANIL is committed to building an integrated hydrogen ecosystem encompassing manufacturing, green hydrogen generation, and the production of downstream derivative products like green ammonia and sustainable aviation fuel.

Leveraging Adani Group’s expertise in renewable equipment manufacturing, large-scale generation projects, grid infrastructure development, and project execution capabilities, the company aims to establish a robust green hydrogen ecosystem in India.

Picture Courtesy: Google/images are subject to copyright

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