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L&T signs MoU with Norwegian company H2Carrier AS

Tuesday, 17 Jan 2023
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Larsen & Toubro has announced signing a memorandum of understanding (MoU) with Norway’s H2Carrier AS to develop floating green ammonia projects towards the larger goal of decarbonisation the global economy.

The engineering and capital goods major will engage as the construction partner for the topside process and utility modules business for the Norwegian company’s floating process plants. The fabrication of the topside modules will be undertaken in India.

L&T expects to unlock major synergies from the complementary strengths of each entity, even as H2Carrier AS has the expertise in production and storing of hydrogen and green ammonia.

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