Avaada Group, Gopalpur Port Sign MoU To Launch Green Ammonia Storage Facility

Avaada Group and the Gopalpur Port Limited have signed a Memorandum of Understanding (MoU) to boost the production and storage of Green Ammonia, a derivative of Green Hydrogen. This strategic alliance was aimed to establish a cutting-edge storage facility dedicated to storing Green Ammonia at the Gopalpur port, marking a pivotal moment in the journey towards greener future.

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 represents a significant leap forward, enabling the port to become a vital hub for exporting Green Ammonia, a key component in the global effort to combat climate change. Green Ammonia assumed significance as transforming Green Hydrogen for longer distances becomes challenging. In such cases Green Hydrogen is often converted into Green Ammonia for longer distance transportation with less losses.

This milestone agreement was formalized in the presence of Tukuni Sahu, Minister Commerce & Transport Odisha, Sanjay Kumar Mishra, Special Secretary, Commerce and Transport Department, Government of Odisha and V Janardhana Rao, CEO Gopalpur Ports Ltd., amid the Global Maritime India Summit 2023. The event was organised under the aegis of Ministry of Ports, Shipping and Waterways.

Avaada Group’s commitment to green initiatives in the state of Odisha is underscored by substantial investments in the development of a robust Green Hydrogen ecosystem. In a notable move last month, the group forged another significant partnership by signing an MoU with TSSEZL (Tata Steel Special Economic Zone Ltd.) to establish a Green Ammonia manufacturing facility within the Special Economic Zone (SEZ). These initiatives not only showcase Avaada Group’s dedication to driving environmental change but also exemplify its active role in energy transition in India and beyond.

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.”