hydrogen

Adani and TotalEnergies aim to create the world’s largest green hydrogen ecosystem

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Indian company Adani is collaborating with France’s TotalEnergies aiming to jointly create the world’s largest green hydrogen ecosystem in which TotalEnergies will acquire 25 percent minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL). 
Adani and TotalEnergies aim to create the world’s largest green hydrogen ecosystem
Courtesy of Adani Group.

The new partnership, centred on green hydrogen, is expected to transform the energy landscape both in India and globally. Both Adani and TotalEnergies are pioneers in energy transition and clean energy adoption, and this joint energy platform further strengthens the public ESG commitments made by both companies. 

ANIL’s ambition is to invest over USD 50 billion over the next 10 years in green hydrogen and associated ecosystem. In the initial phase, the company will develop green hydrogen production capacity of 1 million ton per annum before 2030. 

“The strategic value of the Adani-TotalEnergies relationship is immense at both the business level and the ambition level” said Mr Gautam Adani, Chairman, Adani Group.  “In our journey to become the largest green hydrogen player in the world, the partnership with TotalEnergies adds several dimensions that include R&D, market reach and an understanding of the end consumer. This fundamentally allows us to shape market demand. This is why I find the continued extension of our partnership to hold such great value. Our confidence in our ability to produce the world’s least expensive electron is what will drive our ability to produce the world’s least expensive green hydrogen. This partnership will open up a number of exciting downstream pathways.” 

Mr Patrick Pouyanné, Chairman and CEO of TotalEnergies, added that the company’s entry into ANIL is a major milestone in implementing its renewable and low carbon hydrogen strategy, where the company wants to not only decarbonise the hydrogen used in its European refineries by 2030, but also pioneer the mass production of green hydrogen to meet demand, as it expects the market to take off by the end of this decade.

The partnership builds on the synergies between the two platforms. While Adani will bring its deep knowledge of the Indian market, rapid execution capabilities, operations excellence and capital management philosophy to the partnership, TotalEnergies will bring its deep understanding of the global and European market, credit enhancement and financial strength to lower the financing costs, and expertise in underlying technologies. The complementary strengths of the partners will help ANIL strive towards delivering the largest green hydrogen ecosystem in the world, which, in turn, will deliver the lowest cost of Green Hydrogen to the consumer and help accelerate the global energy transition. 

ANIL aims to be the largest fully integrated green hydrogen player in the world, with a presence across the entire value chain, from the manufacturing of renewables and green hydrogen equipment (solar panels, wind turbines, electrolysers, etc.), to large scale generation of green hydrogen, to downstream facilities producing green hydrogen derivatives.

With this investment in ANIL, the strategic alliance between the Adani Portfolio and TotalEnergies now covers LNG terminals, the gas utility business, renewables business and green hydrogen production. The partnership helps India in its quest to build the fundamental pillars of economic sustainability by driving decarbonisation of industry, power generation, mobility, and agriculture thereby mitigating climate change, and ensuring energy independence.

For additional information:

Adani

TotalEnergies

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