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-Hygenco to set up green hydrogen/ammonia project at Tata Steel SEZ's Gopalpur Industrial Park

BHUBANESWAR, India, May 8, 2024 /PRNewswire/ -- HHP Five Private Limited (subsidiary of Hygenco Green Energies Pvt Ltd), a pioneer in low-cost green hydrogen production, has formally signed a binding agreement with Tata Steel Special Economic Zone Industrial Park (GIP) to set up a large-scale green ammonia project in Gopalpur, Odisha.

Hygenco aims to produce 1.1 million tonnes per annum (MTPA) of green ammonia from this plant in multiple phases. Hygenco aims to launch the initial phase of the project by December 2026. This collaboration is based on the project approval received in February 2024 from the High Level Clearance Authority of the esteemed office of the Chief Minister.

Amit Bansal, Founder and CEO of Hygenco, said: "Having already demonstrated our value in the Green Hydrogen space by commissioning India's first Green Hydrogen project earlier this year, we will expand the application of our superior technology to this project, thus producing green ammonia at the lowest cost for our clients. In line with our strategic vision of being a dominant player in this sector worldwide, the product from this plant, in the initial phase, will mainly be exported, for which which advanced discussions are already taking place with several buyers.

Manikanta Naik, Managing Director, Tata Steel Special Economic Zone Limited, commented, "We are very happy to have Hygenco on board with us in the Industrial Park. This solidifies our Industrial Park as a potential green hydrogen/ammonia hub of the country."

Hygenco has signed several binding long-term green hydrogen acquisitions in India, including the country's first megawatt-scale plant recently commissioned for a major steel company in Hisar, Haryana. Another one is being built for STL (Vendanta Group) in Maharashtra.

About Hygenco:

Headquartered in Gurgaon, India, Hygenco develops and deploys commercially attractive and scale-up green hydrogen and green ammonia assets. Hygenco, which has extensive capabilities in the design, construction and operation of Green Hydrogen projects, has commissioned India's first Green Hydrogen project at Hisar, which was inaugurated by the Union Minister of Civil Aviation and Steel earlier in this year. Hygenco seeks to invest $2.5 billion over 3 years to establish green hydrogen projects in India.

For more information about Hygenco, visit https://www.hygenco.in/.

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