New Delhi: Adani Global Pte Ltd, Singapore, a step-down subsidiary of Adani Enterprises Ltd, announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives.

The JV will concentrate on marketing of products in Japan, Taiwan and Hawaii. It is a natural and strategic extension of Adani Group’s long-standing marketing and trading relationship with Kowa, the company said in a statement.

Adani New Industries Limited (ANIL), the green hydrogen platform of Adani Group, is developing solutions to produce green hydrogen and associated derivatives. The first project of ANIL of 1 million metric tonnes per annum green hydrogen is being implemented in phases in Gujarat.

"The initial phase is expected to start production by FY2027. Depending on market conditions, ANIL aims to increase capacity to up to 3 MMTPA of green hydrogen in the next 10 years, with an investment of about $50 billion," the company said.

It added that ANIL’s strategy is focused on development of hydrogen ecosystem with three business streams - manufacturing of supply chain products (solar - polysilicon, ingot, wafer, cell & module, wind turbine generator, electrolyzers and ancillary items), green hydrogen generation, and production of downstream derivative products (green ammonia, green methanol, sustainable aviation fuel and others).

資料來源：Energyworld.com