REC commits $280 mn to Hygenco’s green ammonia project

Green hydrogen producer Hygenco said that it has entered an agreement with REC Limited for financing Hygenco’s Green Ammonia Project in Gopalpur, Odisha. The state-backed power sector lender will provide upto $280 million for the project. Hygenco develops and deploys commercial green hydrogen and ammonia production systems. Its applications are used in large-scale process industries, terrestrial and marine

Hygenco agrees with JSL to build green hydrogen facility

Hygenco India signed India’s first long-term off-take agreement with Jindal Stainless (JSL), one of the largest stainless-steel conglomerates globally. The first of its kind off-take agreement in India will see Hygenco Build-Own-Operate the green hydrogen facility for 20 years. It will also become the first multi-megawatt scale plant with long-term offtake in Asia to be