Bhubaneswar: Avaada GreenH2 Private Limited, Green Hydrogen arm of integrated energy enterprise of Avaada Group, is going to set up a green hydrogen and green ammonia project at Tata Steel Special Economic Zone Limited (TSSEZL)Gopalpur Industrial Park in Ganjam district.
This will be the second green hydrogen and ammonia project in the State. Earlier on August 25, the TSSEZL had signed one MoU with ACME Clean Energy Pvt Ltd for the establishment of a Rs 27,000 crore green hydrogen and ammonia project at the Gopalpur Industrial Park. ACME will acquire 343 acres of land in TSSEZL’s Gopalpur Industrial Park to set up a 1.3 MTPA green ammonia production facility there.
Avaada GreenH2 Private Limited today signed an MoU with Tata Steel Special Economic Zone Limited (TSSEZL). The MoU was signed between Manikanta Naik, Managing Director of TSSEZL and Prashant Choubey, President of Avaada Group.
As per the agreement, Avaada group will acquire 120 acres of land in TSSEZL’s Gopalpur Industrial Park (GIP), to set up a 0.5 million tone per annum (MTPA) green hydrogen/ammonia production facility. The green ammonia will be produced from green hydrogen, and the production facilities will be powered by renewable energy.
Principal Secretary Industries, Hemant Sharma said, “Odisha’s roadmap for the green fuels sector is both comprehensive and ambitious. The addition of Avaada Group to our partnership ecosystem is an endorsement of our strategy. We welcome Avaada to the Odisha family and look forward to achieving new milestones together.”
This green ammonia will be produced from green hydrogen, and the production facilities will be powered by renewable energy, he said.
Bhupendra Singh Poonia, Managing Director, IDCO & IPICOL, added, “At IPICOL, we are committed to facilitating transformative ventures that propel us towards a sustainable future. This MoU between Tata Steel SEZ and Avaada Group underscores our unwavering dedication to usher in investments that align with our sustainable development goals. As we look ahead, collaborations like these will light our path to a more prosperous and sustainable future”
The green hydrogen and ammonia produced at this facility will be exported to markets around the world from the existing Gopalpur Port facility. The Utility Corridor between Gopalpur Industrial Park and Gopalpur Port will provide a dedicated corridor for smooth logistics and pipeline connectivity.
Manikanta Naik, Managing Director, Tata Steel Special Economic Zone Limited, said, ” This is the second investment we have attracted in the green hydrogen/ammonia manufacturing sector. Our industrial park continues to be a preferred destination for investors, given its conducive offerings for setting up a unit. We take this opportunity to once again thank the Government of Odisha for its progressive policies that are attracting investments to the state of Odisha.”
“We are eagerly looking forward to having more investors at the Industrial Park, which will add to the industrial development of the area”, he added.
“We are delighted to announce the signing of a MoU today with Tata Steel SEZ, marking a significant milestone in our journey towards realising our green ammonia project within the Gopalpur Industrial Park, ” said Vineet Mittal, Founder and Chairman, Avaada Group.
Green hydrogen and ammonia production is a crucial cornerstone in the global shift towards sustainable energy. Avaada is dedicated to contributing to India’s aspiration to become a leading global green hydrogen manufacturing hub, he added.
Shri Mittal expressed his gratitude to the State Government for their unwavering support, as it empowers us to take bold strides towards a greener and more sustainable future. We pledge to facilitate the transition towards a low-carbon economy, leaving behind a lasting legacy of value for our stakeholders and society”, he added.
