Adani Group is investing multi-billion dollars in setting up facilities to produce green ammonia and green hydrogen from water.
Billionaire Gautam Adani’s group said it has formed an equal joint venture with Japanese trading house Kowa Group for marketing of green ammonia and green hydrogen produced by the Indian conglomerate.
Adani Global Pte Ltd, Singapore, a step-down wholly-owned subsidiary of (Adani Enterprises Ltd) has signed a joint venture agreement with Kowa Holdings Asia Pte Ltd, Singapore.
Adani Group is investing multi-billion dollars in setting up facilities to produce green ammonia and green hydrogen from water.
Joint venture agreement records the terms of incorporation of a joint venture company in Singapore in accordance with the terms of the agreement for the sales and marketing of green ammonia, green hydrogen and its derivatives produced and supplied by Adani Group, in the agreed territory. Adani and Kowa will hold a 50 per cent stake each in the joint venture.
Tags: Adani, Green Ammonia, Hydrogen
Recent Posts
IHI admits improper alteration of data over 4,000 marine engines
Shipowners welcome 40% production benchmark
MPCC opts for 2 methanol dual-fuel ships
WinGD to debut short-stroke engine design
MarineDOT cuts fuel consumption by 100,000 gallons using ABB technology
CMA CGM invests $214m in shipping decarbonisation
SEB adds shipping to 2030 net zero target
MB Shipbrokers and Azolla create decarbonisation solution