Hygenco Green Energies Pvt Ltd, a leading player in green energy solutions, has inked a Memorandum of Understanding (MOU) with REC Limited to finance its Green Ammonia Project in Gopalpur, Odisha. The agreement, formalized during the 4th Global Re-Invest event in Gandhinagar, Gujarat, marks a pivotal moment in the company's efforts to combat climate change by reducing carbon emissions. Under the MOU, REC Limited has committed to providing funding of up to $280 million, while Hygenco plans to invest approximately $2.5 billion in green hydrogen and green ammonia projects across India in the coming years. Amit Bansal, the Co-Founder and CEO of Hygenco, highlighted the company's dedication to energy security and its alignment with India's vision of Aatmanirbhar Bharat. Hygenco's successful track record includes the commissioning of India's first commercial green hydrogen plant in Hisar, Haryana. The company has also secured significant partnerships, such as a long-term offtake agreement with Jindal Stainless for green hydrogen supply. By venturing into green ammonia with the support of REC Limited, Hygenco aims to revolutionize industries like steel and chemicals, which are challenging to decarbonize. The collaboration between Hygenco and REC Limited not only propels the growth of green energy infrastructure in India but also contributes to the nation's climate goals. Through their sustainable projects, Hygenco is poised to become a global leader in green hydrogen and green ammonia solutions, paving the way for a cleaner and greener future. With their headquarters in Gurgaon, India, Hygenco's ambitious investment plans signify a significant stride towards a more sustainable and environmentally conscious economy.