TotalEnergies has announced that it will acquire 25 per cent stake in Adani New Industries Limited (ANIL). ANIL will be an exclusive platform for Adani Enterprises Limited and TotalEnergies for the production and commercialisation of green hydrogen in India. ANIL aims at producing 1 million tonnes per annum (MTPA) of green hydrogen per year by 2030, underpinned by around 30 GW of new renewable power generation capacity.
To limit green hydrogen production costs, ANIL will be integrated along the value chain, focusing on the manufacture of equipments, production of green hydrogen and its transformation into derivatives for the domestic market and exports. ANIL aims at developing a project to produce 1.3 MTPA of urea derived from green hydrogen for the Indian domestic market, to replace current urea imports. Also, it aims to invest $5 billion in a 2 GW electrolyser factory fed by renewable power from a 4 GW solar and wind farm.
TotalEnergies is an international multi-energy company that is working with its suppliers and partners to decarbonise hydrogen used in its European refineries by 2030. The company is active in more than 130 countries working for sustainable development.