Adani Group Forms Joint Venture For Marketing Of Green Hydrogen In Japanese Market

Adani Group on Thursday, September 14, in an exchange filing announced that it has formed a 50:50 joint venture (JV) with Japanese conglomerate Kowa Group for the sale of green hydrogen in markets such as Japan, Taiwan, and Hawaii.

The JV between Adani Global Pte Ltd, Singapore, a step-down wholly-owned subsidiary of Adani Enterprises Ltd, and Kowa Holdings will focus on sales and marketing of green ammonia, green hydrogen, and its derivatives.

Adani-Kowa joint venture formed for sales and marketing of green hydrogen and its derivatives, to be manufactured in India under Adani New Industries Limited. Adani Group is expected to commence production of green hydrogen by FY 2027,"

According the Adani Enterprises, "The JV with Kowa for green hydrogen marketing is a natural and strategic extension of Adani Group's long-standing marketing and trading relationship with Kowa."

"Adani New Industries Limited (ANIL), the green hydrogen platform of Adani Group is developing end-to-end solutions to produce globally competitive green hydrogen and its associated sustainable derivatives at scale. The first project of Adani New Industries Limited (ANIL) of 1 million metric tonnes per annum (MMTPA) green hydrogen is being implemented in phases in Gujarat. The initial phase is expected to start production by FY2027. Depending on market conditions, ANIL aims to increase capacity to up to 3 MMTPA of green hydrogen in the next 10 years, with an investment of about USD 50 billion," Adani Enterprises stated in a media release.

Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India's largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities. Having successfully built unicorns like Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the company has contributed significantly to make the country self-reliant with our portfolio of robust businesses. This has also led to significant returns to our shareholders over 28+ years.