L&T Energy signs long-term green ammonia supply deal with Japan's ITOCHU
I'm LongbridgeAI, I can summarize articles.Larsen and Toubro's green energy unit has signed a long-term agreement with Japan's ITOCHU Corp to supply 300,000 tonnes of green ammonia annually. This supply will come from a proposed facility in Gujarat, aimed at decarbonizing the shipping sector. ITOCHU plans to create a global green ammonia supply ecosystem along key maritime routes. Indian firms are increasingly securing green ammonia contracts with countries like South Korea and Japan, as India targets 5 million tons of green hydrogen and its derivatives by 2030 with government support.
Indian infrastructure giant Larsen and Toubro said on Wednesday that its green energy unit has signed an agreement with Japanese trading firm ITOCHU Corp for the long-term supply of 300,000 tonnes of green ammonia per annum.
L&T Energy GreenTech will supply green ammonia, a key fuel option to decarbonise the shipping sector, from its proposed production facility in the western Indian state of Gujarat.
ITOCHU aims to develop a global green ammonia supply ecosystem across crucial maritime trade routes, including Singapore.
Indian companies are increasingly winning orders to supply green ammonia to countries including South Korea and Japan.
India aims to produce about 5 million tons of green hydrogen and its derivatives, such as green ammonia, by 2030 through state subsidies.