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India is home to new world-class green hydrogen company

22/6/2022

Indian flag flying Photo: Harikrishnan Mangayil/Pixabay
The new ANIL joint venture plans to fly the flag for India’s green hydrogen sector and support the country’s efforts to decarbonise

Photo: Harikrishnan Mangayil/Pixabay

Adani Enterprises Limited (AEL) and TotalEnergies have entered into a new partnership that they claim will deliver ‘the world’s largest green hydrogen ecosystem’ and ‘enable the lowest green hydrogen cost to the consumer’.

The Adani New Industries (ANIL) joint venture, in which TotalEnergies has a 25% minority interest, will focus on the production and commercialisation of green hydrogen in India. As its first milestone, ANIL will target a production of 1mn t/y of green hydrogen by 2030, underpinned by around 30 GW of new renewable power generation capacity.

 

In order to control green hydrogen production costs, ANIL will be integrated along the value chain, from the manufacturing of equipment needed to generate renewable power and produce green hydrogen, to the production of green hydrogen itself and its transformation into derivatives, including nitrogenous fertilisers and methanol, both for the domestic market and export.

 

Initially, ANIL intends to develop a project to produce 1.3mn t/y of urea derived from green hydrogen for the Indian domestic market, as a substitution to current urea imports. Plans include investment of around $5bn in a 2 GW electrolyser fed by renewable power from a 4 GW solar and wind farm.

 

The investment in ANIL marks another major step in the strategic alliance between TotalEnergies and Adani Group, whose operations across India include LNG terminals, gas utility business, renewable power generation, and now green hydrogen production. It will amplify the key role that the companies intend to play in the energy transition, and in helping India decarbonise its transport, industry and agriculture sectors, while also contributing to the country’s energy independence.

 

Speaking as the deal was signed, Gautam Adani, Chairman, Adani Group, said: ‘In our journey to become the largest green hydrogen player in the world, the partnership with TotalEnergies adds several dimensions that include R&D, market reach and an understanding of the end consumer. This fundamentally allows us to shape market demand… Our confidence in our ability to produce the world’s least expensive electron is what will drive our ability to produce the world’s least expensive green hydrogen. This partnership will open up a number of exciting downstream pathways.’

 

Patrick Pouyanné, Chairman and CEO of TotalEnergies, added: ‘TotalEnergies’ entry into ANIL is a major milestone in implementing our renewable and low carbon hydrogen strategy, where we want to not only decarbonise the hydrogen used in our European refineries by 2030, but also pioneer the mass production of green hydrogen to meet demand, as the market will take off by the end of this decade.’ 

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