India’s prominent integrated energy platform, Avaada Group, has signed memorandum of understanding (MoU) with Gopalpur Port.
This strategic alliance aims to establish a storage facility dedicated to storing green ammonia at the Gopalpur port, India.
The signing of this MoU represents a significant leap forward, enabling the port to become a vital hub for exporting green ammonia, a key component in the global effort to combat climate change.
Avaada Group’s commitment to green initiatives in the state of Odisha is underscored by substantial investments in the development of a robust green hydrogen ecosystem. In a notable move last month, the group forged another significant partnership by signing an MoU with TSSEZL (Tata Steel Special Economic Zone Ltd.) to establish a green ammonia manufacturing facility within the Special Economic Zone (SEZ).
Vineet Mittal, chairman of Avaada Group says: ‘Our primary goal is to establish an advanced storage facility for Green hydrogen and its derivatives. With each molecule of green hydrogen, we produce and supply to hard-to-abate industries and transportation, we contribute to the transformation of our world.’
