Avaada partners with Gopalpur Port for green ammonia storage facility
The signing of this MoU enables the port to become a hub for exporting Green Ammonia, a key component in the global effort to combat climate change.
Avaada Group has signed Memorandum of Understanding (MoU) with Gopalpur Port in Odisha to establish a dedicated storage facility for storing green ammonia at the Gopalpur port.
Green Ammonia, an eco-friendly solution, is expected to play a crucial role in steering hard-to-decarbonize sectors towards Net Zero emissions, thereby fostering the development of a carbon-free industry. The signing of this MoU enables the port to become a hub for exporting Green Ammonia, a key component in the global effort to combat climate change.
In a notable move last month, the group forged another partnership by signing an MoU with TSSEZL (Tata Steel Special Economic Zone) to establish a Green Ammonia manufacturing facility within the Special Economic Zone (SEZ).
Vineet Mittal, chairman of Avaada Group commented, "The urgency of addressing climate change is evident. Worldwide governments and businesses are seeking to adopt a more sustainable approach to foster economic development and prosperity for all. Green Hydrogen and its derivatives have emerged as potent alternates to fossil fuels for advancing accelerated decarbonisation across the sectors and geographies. India with its vast potential of renewable energy and skilled manpower is poised to play an important role in fulfilling global demand for Green Hydrogen and its derivatives.
“Avaada’s collaboration with Gopalpur Port Limited marks a significant milestone in our quest for a carbon-neutral world. 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.”