Greenstat Hydrogen India (GHI) and H2Carrier have recently announced a collaboration to jointly develop green hydrogen and ammonia projects in India and Sri Lanka. The Memorandum of Understanding (MOU) signed between the two companies outlines their partnership in project identification, feasibility studies, and the implementation of green hydrogen and ammonia production facilities. The focus will be on utilizing H2Carrier's DNV-certified P2XFloater technology for the production sites. The goal of this partnership is to meet the increasing demand for green ammonia as a clean fuel and energy carrier while aiding industrial decarbonisation in sectors such as shipping, agriculture, and heavy industries. Mårten Lunde, CEO of H2Carrier, emphasized the importance of identifying opportunities to implement floating production solutions that bring both economic and environmental benefits to regions striving for sustainable energy development. The collaboration is particularly significant as it addresses various challenges in the region, such as creating access to renewable energy resources like wind and solar potential, overcoming land constraints in densely populated areas, and exploring export potential in key shipping routes. The innovative P2XFloater technology by H2Carrier, known as the world's first floating green ammonia production facility, offers a cost-effective and flexible solution for large-scale production and export of green hydrogen and ammonia using renewable energy sources. The companies will initiate feasibility studies and partnerships for project financing and deployment to ensure the success of their green projects. Furthermore, H2Carrier had previously announced plans to explore projects in the Arctic region, aiming to harness Arctic winds for green hydrogen and ammonia production. The company's commitment to sustainable energy solutions aligns with GHI's vision of delivering scalable green hydrogen and ammonia solutions to drive the transition towards clean energy. This collaboration not only signifies technological advancement in the green energy sector but also emphasizes the companies' dedication to environmental sustainability and industrial decarbonisation.