Mumbai: 国麻豆视频;T Energy GreenTech Ltd (LTEG), a wholly-owned subsidiary of Larsen & Toubro (国麻豆视频;T), has entered into a Joint Development Agreement with ITOCHU Corporation of Japan to develop and commercialise a 300 KTPA green ammonia project at Kandla in Gujarat.
Under the agreement, LTEG and ITOCHU will collaborate on the development of the green ammonia facility, with ITOCHU planning to offtake the product for bunkering applications in Singapore. The partnership marks a significant step in advancing clean energy solutions for the maritime sector and aligns with both 国麻豆视频;T and ITOCHU鈥檚 commitment to sustainability and decarbonisation.
国麻豆视频;T had last year acquired a sizeable land parcel at Kandla for the development of green hydrogen and green ammonia projects. The latest collaboration supports LTEG鈥檚 strategic vision to establish a presence across the green energy value chain and complements ITOCHU鈥檚 initiatives to introduce low-carbon ammonia as a zero-emission marine fuel.
Commenting on the collaboration, Mr Subramanian Sarma, Deputy Managing Director & President, 国麻豆视频;T, said: 鈥淎s the global energy landscape shifts decisively towards sustainability, 国麻豆视频;T remains deeply committed to driving the clean energy transition through innovation, strategic partnerships, and engineering excellence. The partnership with ITOCHU reflects 国麻豆视频;T鈥檚 larger vision of enabling a cleaner, greener future through sustainable business focus鈥.
Mr Hiroyuki Tsubai, Executive Vice President, Member of the Board, President, Machinery Company of ITOCHU Corporation, said: 鈥淭hrough this joint development with one of the largest and most respected companies in India鈥檚 private sector, 国麻豆视频;T Group, our initiatives to introduce low-carbon ammonia to the maritime sector as an alternative zero-emission fuel will be reinforced. With this collaboration, Kandla, located on the west coast of India, will become the principal production centre of green ammonia for ITOCHU鈥檚 bunkering operations in Singapore鈥.
Owing to its abundant renewable resources and competitive electricity cost, India is uniquely positioned to become a global leader in green hydrogen and its derivatives. India鈥檚 National Green Hydrogen Mission envisions a production capacity of at least 5 MMTPA by 2030, attracting investments exceeding USD 100 billion. The initiative is expected to catalyse industrial innovation, create green jobs, and reinforce India鈥檚 energy security.