TotalEnergies on Tuesday announced an agreement with Adani Enterprises Limited (AEL), India's largest private energy and infrastructure conglomerate, to "
create a giant player in green hydrogen production
".
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“
TotalEnergies has entered into an agreement with Adani Enterprises Limited (AEL) to acquire a 25% stake in Adani New Industries Limited (ANIL)
” and “
to create a giant player in the production of green hydrogen
”, indicates a press release without specifying any details. amount.
“
ANIL will be the exclusive platform of AEL and TotalEnergies for the production and commercialization of green hydrogen on a large scale in India.
ANIL aims, as a first milestone, to produce one million tonnes of green hydrogen per year (Mtpa) by 2030, relying on new renewable electricity production capacities of around 30 gigawatts ( GW)
,” it says.
"
As a start, ANIL intends to develop a project to produce 1.3 Mtpa of green hydrogen-derived urea for the Indian domestic market, replacing current urea imports, and will invest approximately $5 billion in an electrolyser. of 2 GW, powered by renewable energy from a 4 GW solar and wind farm
,” the statement added.
Urea is a form of fertilizer made from hydrogen.
TotalEnergies underlines that this investment "
marks a new key step in the strategic alliance between TotalEnergies and Adani Group, India's largest private energy and infrastructure conglomerate
", following two previous partnerships in 2018 and 2020.
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“
Our stake in ANIL is a major step in the implementation of our low-carbon hydrogen strategy, which aims both to decarbonize all the hydrogen consumed by our European refineries by 2030
”, said Patrick Pouyanné, CEO of TotalEnergies, quoted in the press release.
The president of the Adani group, Gautam Adani, for his part welcomed a partnership "
in line with our ambition to become the largest player in green hydrogen in the world
".
