India's L&T Energy GreenTech, Japan's ITOCHU ink 300,000 tpy green ammonia supply deal
Indian infrastructure giant Larsen and Toubro said that its green energy unit has signed an agreement with Japanese trading firm ITOCHU Corp for the long-term supply of 300,000 tpy of green ammonia.
Here are some details:
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L&T Energy GreenTech will supply green ammonia, a key fuel option to decarbonize the shipping sector, from its proposed production facility in the western Indian state of Gujarat.
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ITOCHU aims to develop a global green ammonia supply ecosystem across crucial maritime trade routes, including Singapore.
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Indian companies are increasingly winning orders to supply green ammonia to countries including South Korea and Japan.
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India aims to produce about 5 million tons of green hydrogen and its derivatives, such as green ammonia, by 2030 through state subsidies.
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