Hygenco Green Energies Pvt Ltd’s subsidiary, HHP Five Private Limited, has recently entered into a binding agreement with Tata Steel Special Economic Zone Industrial Park (GIP) to establish a large-scale green ammonia project in Gopalpur, Odisha. The project aims to produce 1.1 Million Tonnes Per Annum (MTPA) of Green Ammonia in multiple phases, with the initial phase set to be commissioned by December 2026.
This collaboration further strengthens Hygenco’s position as a leader in producing low-cost green hydrogen and expands its scope to include green ammonia production. By leveraging their superior technology, Hygenco aims to produce the lowest cost Green Ammonia for their clients. The produce from the initial phase of the plant will primarily be exported, and advanced discussions with various off-takers are already underway.
Tata Steel Special Economic Zone Limited is thrilled to have Hygenco on board at the Industrial Park, solidifying their position as a potential green hydrogen/ammonia hub of the country. This partnership showcases the commitment of both organizations to sustainable and environmentally friendly solutions.
Hygenco has already made significant strides in the green hydrogen sector, having commissioned India’s first Green Hydrogen project earlier this year. In addition to the project in Hisar, Haryana, where they have signed binding long-term offtake agreements for Green Hydrogen, Hygenco is also constructing another plant for STL (Vedanta Group) in Maharashtra.
Headquartered in Gurgaon, India, Hygenco is actively developing and deploying commercially viable green hydrogen and green ammonia assets. Their expertise lies in designing, building, and operating Green Hydrogen projects, and they have plans to invest $2.5 billion over the next three years to set up more Green Hydrogen projects in India.
For more information on Hygenco and their sustainable energy initiatives, please visit their website at https://www.hygenco.in/.
In addition to the information provided in the article, here are some facts and insights about the HHP Five Private Limited’s partnership with Tata Steel Special Economic Zone for the green ammonia project:
1. Current Market Trends: The global ammonia market is experiencing a growing demand due to its various applications in agriculture, pharmaceuticals, and industrial processes. The market is witnessing a shift towards sustainable alternatives, such as green ammonia, which is produced using renewable energy sources and has a lower environmental impact compared to traditional ammonia production.
2. Forecasts: The global green ammonia market is projected to grow significantly in the coming years. According to a report by Market Research Future, the market is expected to reach a value of USD 852.75 million by 2027, with a compound annual growth rate (CAGR) of 55.82% during the forecast period (2020-2027). This growth is attributed to increasing government initiatives towards decarbonization and the adoption of clean energy sources.
3. Key Challenges and Controversies: The production of green ammonia faces challenges related to cost competitiveness and scalability. Currently, green ammonia production is more expensive than conventional ammonia production methods, mainly due to the high cost of renewable energy sources. Scaling up production to meet the growing demand also requires significant investment in infrastructure and technology.
4. Advantages of Green Ammonia: Green ammonia has several advantages over traditional ammonia production methods. It helps reduce greenhouse gas emissions as it is produced using renewable energy, reducing reliance on fossil fuels. Green ammonia can also be used as an energy carrier and a means of energy storage, enabling its integration into renewable energy systems. Furthermore, it offers the potential for carbon-neutral or carbon-negative applications when produced using carbon capture and utilization technologies.
While the provided URL for Hygenco’s website is valid, it is not recommended to add it here as it contains personal information.