Adani Group announced a 50:50 joint venture with Japanese conglomerate Kowa Group to sell green hydrogen in Japan, Taiwan, and Hawaii. A corporation run by billionaire Gautam Adani is investing up to USD 50 billion over the next ten years in developing a fully integrated green hydrogen ecosystem in India. This comprises the first production of one million tonnes of green hydrogen, which will be increased to three million tonnes later.
“Adani Global Pte Ltd, Singapore, a step-down wholly owned subsidiary of Adani Enterprises Ltd, announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives. The JV will concentrate on marketing of products in Japan, Taiwan and Hawaii,” the group said in a statement.
Hydrogen is a non-polluting energy source. It is mostly utilized in the refining and chemical industries and is made from fossil fuels such as coal and natural gas. Green hydrogen is created by utilizing renewable energy sources such as solar to power an electrolyzer that separates hydrogen from water molecules.
Adani is already the largest generator of renewable energy, and for the green hydrogen project, it intends to increase its solar module manufacturing capacity at Mundra SEZ in Gujarat to up to 10 GW per year. The Mundra plant would produce metallurgical grade (mg) silicon, polysilicon, ingots, wafers, cells, and the module itself, which would be utilized to generate electricity from solar energy.
Before employing its electrolyzers to generate low-cost green hydrogen, sea water will be desalinated.
“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,” the statement said.