TotalEnergies will acquire 25% minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL). The deal is part of new strategic alliance to develop green hydrogen ecosystem.
Adani group and TotalEnergies have entered into a new partnership to jointly create the world’s largest green hydrogen ecosystem.
ANIL plans to invest over $50 billion over the next 10 years in green hydrogen and associated ecosystem.
In the initial phase, the company will develop green hydrogen production capacity of 1 million ton per annum before 2030.
Recent Posts
Ammonia
AM Green wins H2Global auction for €585 million renewable ammonia supply to Germany
Ports & Harbours
JNPA secures ₹671 crore IFC financing for shore power expansion
HYBRID
IMO study finds hybrid and electric ferries could cut Sea of Marmara emissions by 63%