Indian hydrogen project developer Hygenco Green Energies Pvt Ltd plans a green hydrogen and green ammonia project at Tata Steel Ltd’s (NSE:TATASTEEL) Gopalpur Industrial Park in the eastern Indian state of Odisha.
The company said on Friday that, through a subsidiary, it has signed a memorandum of understanding with Tata Steel Special Economic Zone Limited (TSSEZL) for the project.
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Hygenco aims to establish a large-scale green ammonia project in Gopalpur that would produce 1 million tonnes per year of green ammonia in different phases. Commissioning of the initial phase is targetted by December 2026.
The partnership follows an approval received in February 2024 from Odisha’s High-Level Clearance Authority.
The output of the project’s initial phase will be exported and Hygenco is in advanced discussions with various off-takers, according to the announcement.
Manikanta Naik, managing director of Tata Steel Special Economic Zone Ltd, said that Hygenco joining the Industrial Park will solidify it as a potential green hydrogen and ammonia hub of the country.
