Adani, Kowa Holdings market green hydrogen in Japan
Adani Global Pte Ltd, a fully owned subsidiary of Adani Enterprises
Ltd, has launched a 50:50 joint venture with Kowa Holdings Asia Pte Ltd for the
selling and marketing of green ammonia, green hydrogen, and its
derivatives.
According to Adani, the joint venture will concentrate on product marketing
in Japan, Taiwan, and Hawaii.
Adani New Industries Limited (ANIL), Adani Group’s green hydrogen platform,
is developing end-to-end solutions for producing globally competitive green
hydrogen and its related sustainable derivatives at scale.
In Gujarat, the first phase of Adani New Industries Limited (ANIL)’s 1
million metric tonnes per annum green hydrogen project is being executed.
The first phase is anticipated to begin production in FY2027. ANIL intends
to invest over $50 billion in the next 10 years to grow capacity to up to 3
million metric tonnes per annum (MMTPA) of green hydrogen, depending on market
conditions.
In May 2023, Adani Ports and Special Economic Zone Ltd (APSEZ) completed
the sale of its port in Myanmar for $30 million.
Three months later, Adani released its June 2023 portfolio, which conveyed
a strong performance with all-time high quarterly profit (EBITDA) of INR 23,532
crore ($2.8 billion), 42 per cent higher year-on-year (YoY).
