Avaada Group has announced the signing of a Memorandum of Understanding (MoU) with Mysore Ammonia, an ammonia distributor and trader in India, for long-term supply of green ammonia. The partnership targets a volume of 100,000 metric tons per year.
Mysore Ammonia, headquartered in Mumbai, has a robust supply chain that includes midstream storage and transportation, serving a wide array of customers across different sectors. The collaboration with Avaada signifies a significant advancement in the supply of green ammonia, aimed at supporting various industries in their transition to sustainable energy sources.
The MoU was signed between Avaada Green Fuels, a subsidiary of Avaada Group, and Mysore Ammonia and Chemicals.
Vineet Mittal, chairman of Avaada Group, said, “The signing of this MoU with Mysore Ammonia is a significant milestone in our journey towards sustainable energy solutions. It underscores our unwavering commitment to advancing the production of green fuels like green ammonia in India, which is crucial for driving the transition towards a low-carbon economy. Leveraging our cutting-edge technology and expertise, we aim to support industries in significantly reducing their carbon footprint and fostering environmental stewardship.”
In September last year, Avaada announced plans to establish a green hydrogen and green ammonia manufacturing facility with a capacity of 0.5 mtpa at Tata Steel SEZ Industrial Park in Gopalpur, Odisha.
Avaada Group is a sand-to-molecule company with presence across renewable energy generation, solar PV manufacturing, development of green fuels including green ammonia, green methanol and sustainable aviation fuel, and providing energy storage solutions. Its renewable power generation arm, Avaada Energy, aims to achieve 11 GWp capacity by 2026. Avaada has attracted significant international investments, including a fund commitment of $1.3 billion in 2023 with $1 billion from Brookfield’s Energy Transition Fund and $300 million from GPSC, PTT Group of Thailand.
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