TotalEnergies Signs Agreement With Indian Company Adani Enterprises Limited (AEL) For Investments In Green Hydrogen Production

Written by Ruth Rodrigues

Published on 15/06/2022 at 18:37

Foto: Republic World

Be the first to react!

TotalEnergies Advances in the Search for a Low-Carbon Market and Will Invest in Green Hydrogen Production After Signing a Contract with AEL to Acquire 25% Stake in ANIL, Aiming to Diversify Its Fuel Production Chain.

TotalEnergies announced last Tuesday, (06/14), a new venture in the energy production sector. This involves the acquisition of a 25% stake in Adani New Industries Limited (ANIL), after an agreement was made with the Indian company Adani Enterprises Limited (AEL). Thus, the energy company will invest in green hydrogen production in pursuit of a low-carbon market over the coming years with the new venture.

TotalEnergies Acquires 25% Stake in ANIL to Focus on Green Hydrogen Production Market after Signing a Contract with Indian Company AEL

The recent agreement made with Indian company AEL now places TotalEnergies on a new path in the international energy market, that of green hydrogen production, the new bet of the sector for the decarbonization of industries in the future.

Thus, the company purchased a total stake of 25% in ANIL, a platform focused exclusively on the production of the resource in Indian territory, aimed at commercialization with other countries in the international market.

ARTICLE CONTINUES BELOW

See also

Additionally, AEL stated that ANIL will target a production of one million metric tons of the energy vector per year (Mtpa) by 2030, focusing on the international renewable energy market.

To kick off the green hydrogen production plan, the company will develop a project to produce 1.3 Mtpa of urea derived from green hydrogen for the Indian domestic market, replacing current urea imports. More than US$ 5 billion will be invested over the coming years.

And, with TotalEnergies joining ANIL, investments alongside AEL for the project could be even greater. Thus, the president and CEO of TotalEnergies, Patrick Pouyanné, celebrated: “TotalEnergies’ entry into ANIL is an important milestone in implementing our low-carbon hydrogen strategy. Where we aim not only to decarbonize the hydrogen used in our European refineries by 2030 but also to lead the mass production of green hydrogen to meet demand, as the market will take off by the end of this decade.”

Partnership Between the Companies Will Be Essential to Ensure Greater Efficiency in the Green Hydrogen Production Project Developed by ANIL

With the partnership established between the companies, AEL will be able to assist the energy company in providing more information about the Indian market, as well as knowledge in operations and project management in the region.

TotalEnergies, on the other hand, will contribute its experience in renewable technologies and large-scale industrial projects and financial stability, allowing ANIL to reduce its financing costs. Thus, green hydrogen production projects will be able to be carried out with much greater efficiency.

Moreover, the oil company also emphasized that the agreement will enable a new direction for TotalEnergies and AEL’s operations in the region. Since operations in India that include LNG terminals, gas utility businesses, renewable energy generation, and now green hydrogen production could be expanded in the coming years.

Finally, the role of the partnership will be of utmost importance for the energy transition that the international market has been pursuing in recent years.

TotalEnergies and AEL began their partnerships in 2018, focusing on natural gas production, and now they are expanding into the fuel market, aiming for a new market that is increasingly growing among countries, that of green hydrogen.

TotalEnergies Signs Agreement With Indian Company Adani Enterprises Limited (AEL) For Investments In Green Hydrogen Production

TotalEnergies Advances in the Search for a Low-Carbon Market and Will Invest in Green Hydrogen Production After Signing a Contract with AEL to Acquire 25% Stake in ANIL, Aiming to Diversify Its Fuel Production Chain.

TotalEnergies Acquires 25% Stake in ANIL to Focus on Green Hydrogen Production Market after Signing a Contract with Indian Company AEL

Partnership Between the Companies Will Be Essential to Ensure Greater Efficiency in the Green Hydrogen Production Project Developed by ANIL

Cambodia has started digging a nearly 180-kilometer canal to connect the Mekong River directly to the sea and reduce its dependence on the ports of neighboring Vietnam.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

China opens the world’s first school where more than 100 humanoid robots from different brands will study together, each movement will be repeated up to 600 times a day and the data will feed a collective brain that will teach all the robots of the future.

An Indonesian fisherman pulls a mysterious object from the sea and discovers that it is a Chinese underwater monitoring system, part of the so-called Underwater Great Wall that Beijing uses to track submarines and unmanned vehicles in strategic straits of the region.

The end of Nokia: the brand that was the cellphone of an entire generation has ended its smartphones, left Brazil, and today survives only in basic phones in India while seeking a new partner.

While banks see the risk of default and difficulty in recovering financed motorcycles, the Lula government is considering using a guarantee fund to unlock credit for delivery workers; the measure could reach up to 1.2 million workers linked to digital platforms.

A study proposes transforming the Moon into a kind of quarantine center for samples brought from Mars and other worlds, creating a sterile and isolated barrier that would filter any unknown organisms before the material reaches Earth and its ecosystems.

A street cleaner who earns R$ 2,100 per month put her cell phone aside for a few minutes and returned to find a Pix transfer of R$ 203,000 mistakenly deposited into her account, an amount that, according to her, she wouldn’t be able to save even if she worked for a hundred years.

Pharmacy giant is fined R$ 10 million by the Maranhão Court for requiring CPF to grant discounts, pressuring consumers at the checkout, and raising a national alert about the collection of personal data in pharmaceutical retail.

Wax notebook falls into latrine 800 years ago, survives intact in Germany and reveals Latin notes that may expose the routine of a high-status medieval merchant.

TotalEnergies Signs Agreement With Indian Company Adani Enterprises Limited (AEL) For Investments In Green Hydrogen Production

TotalEnergies Advances in the Search for a Low-Carbon Market and Will Invest in Green Hydrogen Production After Signing a Contract with AEL to Acquire 25% Stake in ANIL, Aiming to Diversify Its Fuel Production Chain.

TotalEnergies Acquires 25% Stake in ANIL to Focus on Green Hydrogen Production Market after Signing a Contract with Indian Company AEL

Partnership Between the Companies Will Be Essential to Ensure Greater Efficiency in the Green Hydrogen Production Project Developed by ANIL

Cambodia has started digging a nearly 180-kilometer canal to connect the Mekong River directly to the sea and reduce its dependence on the ports of neighboring Vietnam.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

China opens the world’s first school where more than 100 humanoid robots from different brands will study together, each movement will be repeated up to 600 times a day and the data will feed a collective brain that will teach all the robots of the future.

An Indonesian fisherman pulls a mysterious object from the sea and discovers that it is a Chinese underwater monitoring system, part of the so-called Underwater Great Wall that Beijing uses to track submarines and unmanned vehicles in strategic straits of the region.

The end of Nokia: the brand that was the cellphone of an entire generation has ended its smartphones, left Brazil, and today survives only in basic phones in India while seeking a new partner.

In a historic decision, Aneel regulates the use of batteries in the Brazilian electrical system and lays the groundwork for large-scale energy storage, reducing waste, enhancing energy security, and attracting new billion-dollar projects.

Brazilian researchers develop a catalyst made with abundant metals that increases the efficiency of green hydrogen production and can replace expensive materials, creating a promising alternative to expand the use of clean energy worldwide.

New Fiat EV, priced at R$ 77,000, will bring a reinterpretation of the 147 and a consumption equivalent to 70 km/l.

With R$ 17.2 million, Equinor expands strategic sugarcane biomethane project and boosts innovation that can convert Brazil’s agricultural potential into a new source of high economic value renewable energy.

Spanish city uses an aquifer hidden 11 meters deep as an urban ‘refrigerator’ for almost 30 years, saves 52% of energy in a public building, and now resorts to AI to prevent the solution from exhausting its potential

While banks see the risk of default and difficulty in recovering financed motorcycles, the Lula government is considering using a guarantee fund to unlock credit for delivery workers; the measure could reach up to 1.2 million workers linked to digital platforms.

A study proposes transforming the Moon into a kind of quarantine center for samples brought from Mars and other worlds, creating a sterile and isolated barrier that would filter any unknown organisms before the material reaches Earth and its ecosystems.

A street cleaner who earns R$ 2,100 per month put her cell phone aside for a few minutes and returned to find a Pix transfer of R$ 203,000 mistakenly deposited into her account, an amount that, according to her, she wouldn’t be able to save even if she worked for a hundred years.

Pharmacy giant is fined R$ 10 million by the Maranhão Court for requiring CPF to grant discounts, pressuring consumers at the checkout, and raising a national alert about the collection of personal data in pharmaceutical retail.

Wax notebook falls into latrine 800 years ago, survives intact in Germany and reveals Latin notes that may expose the routine of a high-status medieval merchant.