PINAKI MAJUMDAR
Jamshedpur, Sept 8: Tata Steel Special Economic Zone Limited (TSSEZL) and Avaada GreenH2 Private Limited, the green hydrogen arm of the integrated energy enterprise of Avaada Group, signed a Memorandum of Understanding (MoU) to establish a green hydrogen and green ammonia project at Gopalpur Industrial Park in the Ganjam district of neighbouring Odisha.
Under the definitive agreement, Avaada Group will acquire 120 acres of land in TSSEZL’s Gopalpur Industrial Park (GIP), to set up a 0.5 MTPA green hydrogen, ammonia production facility.
The MoU was signed between Manikanta Naik, Managing Director, TSSEZL, and Prashant Choubey, President, Avaada Group, in the presence of Hemant Sharma, IAS, Principal Secretary, Industries Department and Chairman, Odisha Industrial Infrastructure Development Corporation (IDCO).
At the plant, green ammonia will be produced from green hydrogen, and the production facilities will be powered by renewable energy.
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.
Vineet Mittal, Founder and Chairman, Avaada Group, said,” We are delighted to announce the signing of a MoU with Tata Steel SEZ, marking a significant milestone in our journey towards realising our green ammonia project within the Gopalpur Industrial Park. 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. ”
