Adani Group has entered into a partnership with TotalEnergies (TE) to jointly develop the green hydrogen ecosystem with an investment of $50 billion over the next 10 years. TE will own 25% in the joint venture company namely Adani New Industries Ltd (ANIL). In the initial phase, ANIL will develop a green hydrogen production capacity of one million tonnes per annum before 2030.
Green hydrogen is produced by splitting water into hydrogen and oxygen using an electrolyser powered by electricity coming from renewable energy sources like wind and solar. As per the draft National Hydrogen Mission (NHM), refiners and fertilizer producers are mandated to meet half of their hydrogen needs through green hydrogen by 2030. This would be done in a staggered manner. Green hydrogen is mandated to account for 10% of the overall hydrogen needs…