Ocior Energy, a developer of Green Ammonia projects, has achieved a significant milestone by signing a Memorandum of Understanding (MoU) with REC Limited for a major Green Hydrogen and Green Ammonia project in Odisha, India. The project, with a production capacity of 200,000 TPY of Green Ammonia, has received funding of up to INR 10,000 crore, marking a substantial investment in sustainable energy. The project is well-progressed, with KBR, Inc. chosen as the licensor for Ammonia technology and key agreements in place for offtake and approvals. Strategically positioned in the TATA Special Economic Zone near Gopalpur port, the project is set to cater to both export and domestic markets efficiently. The support from REC Limited, a leading lender in India's energy sector, highlights the financial backing for Green Hydrogen and Green Ammonia initiatives, crucial for driving sustainable energy projects forward. The active involvement and support from the Odisha government and Ministry of New and Renewable Energy reflect the collaborative efforts to advance the Green Hydrogen and Green Ammonia sector in the country. This project signifies a positive step towards increasing sustainability and reducing carbon footprint in the energy industry, with key partnerships and funding paving the way for future developments in the renewable energy space.