Hygenco Partners with Topsoe for Green Ammonia Plant in Odisha
Key Ideas
- Hygenco and Topsoe collaborate to establish a green ammonia plant in Gopalpur, Odisha, aiming for operational status by 2027.
- The partnership signifies a significant step in advancing the energy transition and decarbonization efforts in India.
- Hygenco secures a substantial debt financing agreement with REC and plans to invest $2.5 billion over three years in green hydrogen projects.
- Topsoe's advanced technology will enable efficient and flexible green ammonia production, contributing to global decarbonization efforts.
Hygenco Green Energies, known for low-cost green hydrogen production, has partnered with Danish company Topsoe to license green ammonia technology for a plant in Gopalpur, Odisha. The project aims to be operational by 2027, marking a significant milestone for the sub-continent. This collaboration follows Hygenco's previous success with India's first commercial green hydrogen plant. The company's Co-Founder and CEO, Amit Bansal, expressed enthusiasm for leveraging Topsoe's expertise to scale up green ammonia production effectively. The partnership aligns with Hygenco's mission to address environmental challenges through innovative energy solutions. Additionally, a recent MOU with REC for $280 million debt financing highlights strong financial backing for the project. Topsoe's Chief Commercial Officer, Elena Scaltritti, emphasized the importance of green ammonia in reducing emissions from various industries and transportation sectors. The involvement of key players like Hygenco and Topsoe showcases a commitment to large-scale decarbonization efforts globally. Hygenco's strategic collaborations and investments underscore its role as a leader in green hydrogen and green ammonia. With plans to invest billions in green hydrogen projects in India, Hygenco is poised to make a significant impact on the country's sustainable energy landscape.
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