Reliance Industries Ltd., Larsen and Toubro, Greenko Group, and Welspun New Energy are planning to develop green hydrogen and ammonia units at the Deendayal Port Authority in Kandla, Gujarat, India. The mega project is estimated to attract investments of up to $12 billion, which would represent one of the largest investments in sustainable projects in India.
The project is targeting the production of 7 million mt/y of green ammonia and 1.4 million mt/y of green hydrogen by using electrolysis powered by renewable energy sources. Reliance, Greenko, and Welspun were all named as winners in India’s first auction for green hydrogen production subsidies in January, and are expected to receive 18.9-30 rupees per kilogram of hydrogen produced.