Larsen and Toubro (L&T) on Wednesday announced that its wholly-owned subsidiary, L&T Energy GreenTech Ltd (LTEG) has entered into a Joint Development Agreement with ITOCHU Corporation of Japan to develop and commercialise a 300 KTPA green ammonia project at Kandla in Gujarat.
Under the agreement, LTEG and ITOCHU will collaborate on the development of the green ammonia facility, with ITOCHU planning to offtake the product for bunkering applications in Singapore.
In a regulatory filing, the company said that the partnership marks a significant step in advancing clean energy solutions for the maritime sector.
Earlier last year, L&T had acquired a sizeable land parcel at Kandla for the development of green hydrogen and green ammonia projects.
Subramanian Sarma, Deputy Managing Director & President, L&T, said, “As the global energy landscape shifts decisively towards sustainability, L&T remains deeply committed to driving the clean energy transition through innovation, strategic partnerships, and engineering excellence.”
Hiroyuki Tsubai, Executive Vice President, Member of the Board, President, Machinery Company of ITOCHU Corporation, said, “Through this joint development with one of the largest and most respected companies in India’s private sector, L&T Group, our initiatives to introduce low-carbon ammonia to the maritime sector as an alternative zero-emission fuel will be reinforced.”
With plentiful renewable resources and low-cost power, India holds a strong advantage to emerge as a global hub for green hydrogen and its derivatives. Under the National Green Hydrogen Mission, the country aims to achieve a production capacity of at least 5 MMTPA by 2030, drawing investments of over $100 billion.