Inox Air Products, the joint venture between Inox Group and USA-based Air Products, has inked a memorandum of understanding (MoU) with the Government of Maharashtra. The MoU has been signed to establish the first green ammonia plant in the state with a capacity of 5,00,000 MTPA at the cost of USD 3 billion.
The MoU was signed in presence of Maharashtra Chief Minister Eknath Shinde, Industries Minister Uday Samant, Principal Secretary, Industries and Mining Harshdeep Kamble, and key officials from Inox Group in the state. Green ammonia is a derivative of green hydrogen made from electrolysis of water. Ammonia is used to make agricultural fertilizers.
The proposed project is anticipated to be commissioned in a three to five years' timeline. The plant will produce liquid ammonia, which would be a climate-neutral hydrogen carrier. The upcoming facility is poised to play a key role in the global value chain for the sustainable and versatile green hydrogen to reduce carbon emissions substantially.
Inox Air Products, a leading manufacturer of Industrial and medical gases, has 45 operating locations.