Hygenco Green Energies has inked a memorandum of understanding (MoU) with REC Ltd to secure $280 million for its green ammonia initiative in Gopalpur, Odisha. The agreement was formalized during the 4th Global Re-Invest event in Gandhinagar, Gujarat. Hygenco, based in Gurgaon, focuses on developing and implementing large-scale commercially viable green hydrogen and green ammonia projects. With plans to invest $2.5 billion in the next three years, the company aims to establish multiple green energy projects across India. Noteworthy achievements include commissioning India's inaugural commercial green hydrogen plant in Hisar, Haryana, in March 2024. Additionally, securing significant long-term contracts for green hydrogen supply with key players like Jindal Stainless showcases Hygenco's commitment to sustainable energy solutions. By partnering with REC Ltd, Hygenco takes a crucial step towards realizing its vision of a greener future in India. This collaboration not only signifies a substantial financial boost for the green energy sector but also highlights the growing emphasis on eco-friendly practices in the country's industrial landscape.