This marks Hygenco’s foray into global markets.
Hygenco, based in the Indian state of Haryana, develops end-to-end green hydrogen and green ammonia assets on a build-own-operate and build-own-operate-transfer basis. It aims to deploy over $300 million in green hydrogen projects across India in the next three years. The company signed a long-term off-take agreement with Jindal Stainless last year and aims to have the first multi-megawatt scale plant operational by the end of 2023.
Amit Bansal, CEO of Hygenco, said “The signing of the MoU with AEW demonstrates our capabilities to provide affordable and scalable distributed green hydrogen solutions in the Middle East and facilitate their energy transition through a more sustainable future.”
The MoU was signed at the recently concluded India-Saudi Investment Forum 2023, which was organized by the Department for Promotion of Industry and Internal Trade, the Ministry of Commerce and Industry of India, and the Saudi Ministry of Investment, on the sidelines of Saudi Crown Prince Mohammed Bin Salman Abdulazziz Al-Saud’s official visit to India.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.