Adani, TotalEnergies allies to build green hydrogen ecosystem

14 Jun 2022 CW Team

Adani Enterprises told the media that it has partnered with TotalEnergies for the creation of the world’s largest green hydrogen ecosystem.

Under the partnership, TotalEnergies will hold a 25% minority interest in Adani New Industries Limited (ANIL).

The company said that ANIL will develop a green hydrogen production capacity of 1 million tonnes per annum (mtpa) before 2030. It is India’s largest commitment toward the green hydrogen project.

After investing in ANIL, the strategic partnership between the Adani Portfolio and TotalEnergies will include LNG terminals, the gas utility, renewables businesses, and green hydrogen production.

Chairman of Adani Group, Gautam Adani, said that to become the largest green hydrogen player in the world, the strategic partnership with TotalEnergies includes several dimensions, including research and development (R&D), market reach and an understanding of the end consumer to understand the market demand.

Chairman and CEO of TotalEnergies, Patrick Pouyanne, said that the company's entry into ANIL is a milestone in implementing a renewable and low carbon hydrogen strategy to decarbonise the hydrogen in European refineries by 2030 and become a pioneer in mass production of green hydrogen to meet demand.

He added that the future production capacity of 1 mtpa of green hydrogen will be a major initiative in increasing the company's share of new decarbonised molecules, including biofuels, biogas, hydrogen, and e-fuels, to 25% of its energy production and sales by 2050.

TotalEnergies is one of the world's biggest oil and gas producers and has been shifting into the renewable energy sector and currently diversifying away from hydrocarbon-centred activities.

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Also read: Adani Group's energy business to be led by Adani New Industries

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