Indian State-owned Oil and Natural Gas Corp. Ltd. (ONGC), New Delhi, has signed a Memorandum of Understanding (MOU) with clean energy company Greenko Group, New Delhi, for the production of green hydrogen, green ammonia, and other derivatives, according to Bloomberg.
The deal will help India reach its goal of producing 5 million mt/y of green hydrogen by 2030. The parties are planning to jointly develop a 1 million mt/y green ammonia plant and storage facility to serve the export market, according to India’s Mint financial newspaper.