Bhubaneswar: Renewable energy company Avaada Group will set up a green hydrogen and ammonia manufacturing unit at Gopalpur Industrial Park (GIP) in Odisha’s Ganjam district.
The Tata Steel Special Economic Zone Limited (TSSEZL) inked a pact with Avaada GreenH2, the green hydrogen arm of integrated energy enterprise Avaada Group, on Thursday to establish the project with the support of the Industry department. The MoU was signed between Manikanta Naik, Managing Director, TSSEZL, and Prashant Choubey, President, Avaada Group, in the presence of Hemant Sharma, Principal Secretary, Industries Department and Chairman, Odisha Industrial Infrastructure Development Corporation (IDCO) and Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), Government of Odisha, and Bhupendra Singh Poonia, Managing Director, IDCO & IPICOL.
Under the definitive agreement, Avaada Group will acquire 120 acre in GIP to set up a 0.5 MTPA green hydrogen/ammonia production facility, which aims to curtail annual carbon dioxide emissions by nearly two million tonnes.
Stating that Odisha’s roadmap for the green fuels sector is both comprehensive and ambitious, Sharma said that the project will help generate a range of employment opportunities for the youth of the state. The project is slated to generate around 1,500 direct and 4,000 indirect job opportunities.
Founder and chairman of Avaada Group Vineet Mittal said the green hydrogen and ammonia produced at this facility will be exported to markets around the world from the existing Gopalpur port.
This green ammonia will be produced from green hydrogen, and the production facilities will be powered by renewable energy.
