Adani Group forms JV for marketing of green hydrogen in Japanese market

Adani Enterprises Ltd announced today its step-down arm Adani Global Pte Ltd, Singapore, has formed a 50:50 joint venture (JV) with Kowa Holdings Asia, Singapore, for sales and marketing of green ammonia, green hydrogen, and its derivatives. The JV will focus on the marketing of products in Japan, Taiwan, and Hawaii.

Adani New Industries Ltd (ANIL), the green hydrogen platform of Adani Group, is developing end-to-end solutions to produce globally competitive green hydrogen and its associated sustainable derivatives at scale. It is implementing its first green hydrogen project of one million metric tonnes per annum (mmtpa) in phases in Gujarat. The initial phase is expected to start production by FY2027. Depending on market conditions, ANIL aims to increase its green hydrogen capacity to 3 mmtpa in the next ten years, with an investment of about $50 billion.

ANIL’s green hydrogen business spans the manufacturing of supply chain products (polysilicon, ingots, wafers, cells and modules, wind turbine generators, electrolyzers, and ancillary items), green hydrogen generation, and production of downstream derivative products (green ammonia, green methanol, sustainable aviation fuel, and others).

“The combined strength of Adani Group’s experience in renewable equipment manufacturing, setting up large-scale generation projects, building grid infrastructure, and proven project execution capabilities gives it a significant competitive advantage while building the green hydrogen ecosystem in India,” stated Adani. “ANIL is well-positioned to realize its targets and provide green molecules and sustainable fuels at a globally competitive cost. Mundra ports’ proximity to the global supply chain enables the export opportunity of green hydrogen and derivatives, especially considering the availability of jetty for shipment of cryogenic products.”