• About
  • Contact
  • Support Funtrafoo
  • Work With Us
No Result
View All Result
  • Home
  • FOOD
  • TRAVEL
  • HEALTH
  • TECHNOLOGY
  • LIFESTYLE
  • ENTERTAINMENT
  • EVENTS
  • FEEDS
  • WEB STORIES
  • Home
  • FOOD
  • TRAVEL
  • HEALTH
  • TECHNOLOGY
  • LIFESTYLE
  • ENTERTAINMENT
  • EVENTS
  • FEEDS
  • WEB STORIES
No Result
View All Result
No Result
View All Result
Home Daily Feeds

Adani and TotalEnergies to create the world’s largest green hydrogen ecosystem

by PR Newswire
June 14, 2022
Reading Time: 5 mins read
0 0
0
ADVERTISEMENT
Share on FacebookShare on Twitter

Also Read

CIE at IIITH hosts Geospatial Hackathon in Collaboration with DST, SOI, Microsoft and CIE for geospatial map technologies

The new partnership, centered on green hydrogen, is expected to transform the energy landscape both in India and globally. Both Adani and TotalEnergies are pioneers in energy transition and clean energy adoption, and this joint energy platform further strengthens the public ESG commitments made by both companies.

ANIL’s ambition is to invest over USD 50 billion over the next 10 years in green hydrogen and associated ecosystem. In the initial phase, ANIL will develop green hydrogen production capacity of 1 million ton per annum before 2030.

“The strategic value of the Adani-TotalEnergies relationship is immense at both the business level and the ambition level,” said Mr. Gautam Adani, Chairman, Adani Group. “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. This fundamentally allows us to shape market demand. This is why I find the continued extension of our partnership to hold such great value. Our confidence in our ability to produce the world’s least expensive electron is what will drive our ability to produce the world’s least expensive green hydrogen. This partnership will open up a number of exciting downstream pathways.”

“TotalEnergies’ entry into ANIL is a major milestone in implementing our renewable and low carbon hydrogen strategy, where we want to not only decarbonize the hydrogen used in our European refineries by 2030, but also pioneer the mass production of green hydrogen to meet demand, as the market will take off by the end of this decade,” said Mr. Patrick Pouyanné, Chairman and CEO of TotalEnergies. “We are also very pleased with this agreement, which further strengthens our alliance with the Adani Group in India and contributes to the valorization of India’s abundant low-cost renewable power potential. 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.”

This partnership builds on the exceptional synergies between the two platforms. While Adani will bring its deep knowledge of the Indian market, rapid execution capabilities, operations excellence and capital management philosophy to the partnership, TotalEnergies will bring its deep understanding of the global and European market, credit enhancement and financial strength to lower the financing costs, and expertise in underlying technologies. The complementary strengths of the partners will help ANIL deliver the largest green hydrogen ecosystem in the world, which, in turn, will deliver the lowest cost of Green Hydrogen to the consumer and help accelerate the global energy transition.

ANIL aims to be the largest fully integrated green hydrogen player in the world, with presence across the entire value chain, from the manufacturing of renewables and green hydrogen equipment (solar panels, wind turbines, electrolysers, etc.), to large scale generation of green hydrogen, to downstream facilities producing green hydrogen derivatives.

With this investment in ANIL, the strategic alliance between the Adani Portfolio and TotalEnergies now covers LNG terminals, the gas utility business, renewables business and green hydrogen production. The partnership helps India in its quest to build the fundamental pillars of economic sustainability by driving decarbonisation of industry, power generation, mobility, and agriculture thereby mitigating climate change, and ensuring energy independence.

Photo: https://mma.prnewswire.com/media/1839121/Adani_Group_TotalEnergies.jpg

Logo: https://mma.prnewswire.com/media/1716106/Adani_Group_Logo.jpg

Adani Group Logo

(This story is auto-generated from PR Newswire)

Tags: PR NewswirePress Releases
ShareTweetSendShare

Related Posts

CIE at IIITH hosts Geospatial Hackathon in Collaboration with DST, SOI, Microsoft and CIE for geospatial map technologies

CIE at IIITH hosts Geospatial Hackathon in Collaboration with DST, SOI, Microsoft and CIE for geospatial map technologies

June 2, 2023
0
Adeeb Ahamed of LuLu Financial Holdings appointed as Chair of FICCI Middle East Council

Adeeb Ahamed of LuLu Financial Holdings appointed as Chair of FICCI Middle East Council

June 2, 2023
0
IGI Certifies History Making 50.25 Carat Lab Grown Diamond

IGI Certifies History Making 50.25 Carat Lab Grown Diamond

June 2, 2023
0
Invivoscribe Partners with Complete Genomics to Develop and Commercialize Biomarker Tests for Oncology and Cancer Research

Invivoscribe Partners with Complete Genomics to Develop and Commercialize Biomarker Tests for Oncology and Cancer Research

June 2, 2023
0
No Result
View All Result
  • Coronavirus Vaccine Prices In India and Other Countries

    Coronavirus Vaccine Prices In India and Other Countries. Is Covid Vaccine Free?

    21 shares
    Share 21 Tweet 0
  • Padma Vibhushan, Padma Bhushan, Padma Shri: Full List Of Padma Award Winners 2021

    15 shares
    Share 15 Tweet 0
  • Importance And Benefits Of Vitamin D Rich Food

    1 shares
    Share 1 Tweet 0
  • Amou Haji- World’s “Dirtiest” And “Smelliest” Man From Iran

    1 shares
    Share 1 Tweet 0
  • Yoga Beginner’s Guide – Tips Before Attending The First Yoga Class

    1 shares
    Share 1 Tweet 0

Recent Posts

  • Bholaa Movie Review – A High-Octane Action Thriller by Ajay Devgn
  • Debunking the Misinformation on a 1% UPI Charges for All UPI Transactions Above ₹2000
  • Ram Navami: Celebrating the Birth of Lord Rama | 100+ Wishes and Messages
  • Karnataka Elections 2023: Election Dates, Schedule and Insights & Information
  • A Step-by-Step Guide to Link Aadhaar with PAN Card & Checking Status
  • Home
  • Contact Us
  • About Us
  • Support Funtrafoo
  • Authors
FUN * TRAVEL * FOOD

© 2021 www.funtrafoo.com.

No Result
View All Result
  • Home
  • FOOD
  • TRAVEL
  • HEALTH
  • TECHNOLOGY
  • LIFESTYLE
  • ENTERTAINMENT
  • EVENTS
  • FEEDS
  • WEB STORIES

© 2021 www.funtrafoo.com.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In