Adani Group JV With Japanese Multinational Kowa, To Market Green Hydrogen In Japanese Market
Adani Group to form a joint venture (JV) to market green hydrogen and its derivatives in India under Adani New Industries Limited (ANIL), an arm of Adani Enterprises. A fully owned subsidiary of Adani Enterprises Ltd, Adani Global Pte Ltd., Singapore announced a JV with Kowa Holdings Asia Pte Ltd on a 50:50 basis for the sales and marketing of green ammonia, green hydrogen and its derivatives, the Adani Group said. The joint venture’s concentration would be on marketing of products in Japan, Taiwan and Hawaii.
The media release said, “Adani Global Pte Ltd, Singapore, a step-down wholly owned 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.”
ANIL’s joint venture with Kowa, has been termed as a natural and strategic extension of the Group’s marketing and trading history with Kowa. ANIL is the green hydrogen platform of the Adani Group. It streamlines on developing solutions to produce competitive green hydrogen and its associated sustainable derivatives at a global level.
ANIL’s first project is being implemented in phases in Gujarat, which is for 1 million metric tonnes per annum (MMTPA) green hydrogen. The production of the initial phase is expected to begin by the year 2027 and depending on the market conditions, the company plans to increase the capacity to 3 MMTPA of green hydrogen in the coming 10 years. The amount invested is about USD 50 billion.
The focus of ANIL is on “the development of an integrated hydrogen ecosystem with three business streams – Manufacturing of supply chain products (i.e. solar- polysilicon, ingot, wafer, cell & module, etc.), green hydrogen generation, production of downstream derivative products,” the company said in the release.
The proximity of the Mundra ports to global supply chain is an added factor which would enable the opportunity to export green hydrogen and derivatives, especially with the availability of jetty for shipment of cryogenic products.
Kowa is a multinational Japanese company with various segments, which is actively engaged in trading activities in pharmaceutical, life science, information technology, textiles, machinery and various consumer products.
