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Adani, TotalEnergies partners to infuse USD 50 billion in green hydrogen

Tuesday, 14 Jun 2022
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TotalEnergies will pick up a 25 percent stake in the newly launched Adani New Industries (ANIL) from Adani Enterprises to jointly build a green hydrogen ecosystem. 
 
ANIL plans to make an investment of over USD 50 billion (Rs 3.9 trillion) over the next 10 years in green hydrogen and the associated ecosystems. 
 
In the initial phase, ANIL will undertake green hydrogen production capacity of one million tpa before 2030. 
 
ANIL was incorporated in January 2022 for steering the new energy and low carbon initiatives of the group. 
 
It will undertake business of developing and operating projects for the synthesis of low carbon fuels and chemicals, generation of low carbon electricity and the manufacture of key components/material for projects including generation of green hydrogen, related downstream products, electricity generation, manufacture of wind turbines.
 
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