Adani sets out to become top global green hydrogen producer through partnership with TotalEnergies

Adani New Industries Ltd (ANIL) aims to produce 1 million mt/year of green hydrogen by 2030.

PHOTO: Container terminal at Adani's Mundra port. Adani

French oil and gas supermajor TotalEnergies has acquired a 25% stake in ANIL, which plans to invest $50 billion in developing a green hydrogen production and "ecosystem" in India.

“In our journey to become the largest green hydrogen player in the world, the partnership with TotalEnergies adds several dimensions that include R&D, market reach and an understanding of the end consumer,” Adani Group’s chairman Gautam Adani said.

Green hydrogen will be produced using renewable energy sources such as solar and wind at low cost, Adani says.

“This future production capacity of 1 million ton per annum of green hydrogen will be a major step in increasing TotalEnergies’ share of new decarbonized molecules including biofuels, biogas, hydrogen, and e-fuels to 25% of its energy production and sales by 2050,” TotalEnergies chairman and chief Patrick Pouyanné said.