APMT Pipavav announces green hydrogen ecosystem

APM Terminals (APMT) Pipavav has signed a series of Memorandums of

infrastructure.

The first-move advantage of this initiative will reportedly provide

economic benefits for both the local and regional economy, boost employment and

support wider decarbonisation goals.

The three MoU signed by APMT pull together a consortium of local and

international partners to set up a 100 per cent green value chain.

The agreements will enable the production, transportation by ship, storage

and transshipment, and the distribution of hydrogen. This is expected to drive

significant volumes at APMT, bring associated economic benefits and boost

regional employment.

APMT signed MoU with integrated power company, NTPC, and multinational

conglomerate, Welspun Group, to develop green hydrogen production and

distribution facilities on land provided by the port, for both export and

domestic use through various models.

As part of the agreement with NTPC the project will explore sourcing

renewable power from NTPC Green Energy Limited (NGEL).

A MoU signed with the Gujarat Maritime Board will reportedly help

facilitate permissions for the construction of a Liquid Berth and marine

infrastructure development at Pipavav Port.

Together with a new container berth, yard, and container handling

equipment, the investment is estimated to be around INR3,320 crore ($400.1

million).

“We expect hydrogen demand to rise sharply over the next two decades, and

the series of MoU signed today will give Pipavav and Gujarat State a first mover

advantage, making it a front runner for attracting ongoing investment to make

the most of this new global opportunity,” said Girish Aggarwal, Managing

Director of APMT Pipavav.

“APM Terminals Pipavav is committed to the community, environment and to

the region. By signing ground breaking MoU predominantly in the capital

investment and Green Hydrogen space we bring together all the parties required

to make this a success and reiterate our commitment to the state of Gujarat,”

Aggarwal added.

In April 2023, APMT Pipavav announced that it will invest around $90

million in a new liquid berth.

More recently, APMT Pipavav Gujarat Pipavav Port (GPPL) announced it had

broke its previous records by accomplishing over 200 Port Moves Per Hour (PMPH)

on a single vessel.