KPIGREEN Soars: Green Ammonia Partnership Unlocks 100,000 TPA Capacity 🚀
Hey there, green energy enthusiasts! 👋 We’ve got some electrifying news from the renewable sector today. KPI Green Energy Limited (KPIGREEN) just announced a landmark strategic partnership that sent its stock price climbing 1.4% to ₹499, and for good reason!
KPIGREEN is making a massive leap into the future of sustainable energy by partnering with South Korea’s AHES Co. Ltd. and India’s GH2 Solar Ltd. Their ambitious goal? To establish and operate a state-of-the-art Green Ammonia production facility right here in India, boasting an impressive capacity of 100,000 metric tons per annum (TPA). Talk about a power move! 💪
This isn’t just any partnership; it’s a strategic alliance designed to supercharge India’s National Green Hydrogen Mission and significantly contribute to global decarbonization efforts. The facility will be developed and operated by KPI Green Hydrogen & Ammonia Private Limited (KPI GH), a KP Group company, ensuring deep integration with KP Group’s existing renewable energy infrastructure. Imagine: sustainable, low-carbon feedstock for ammonia production, powered by KP Group’s extensive portfolio of over 1.9 GW installed capacity and 3.9 GW under development! ☀️
So, who are the key players in this green dream team?
- AHES Co. Ltd. (South Korea): A clean energy pioneer bringing cutting-edge expertise in hydrogen electrolyzer manufacturing, compressed hydrogen storage, and Power-to-Gas solutions. They’re not just a tech provider; AHES will also be a primary offtaker, helping secure international market access for the Green Ammonia in places like South Korea and Japan.
- GH2 Solar Ltd. (India): An Indian innovator specializing in solar infrastructure, green hydrogen production, and electrolyser manufacturing. They’re bringing crucial local expertise and project execution capabilities to the table.
Together, AHES and GH2 will provide vital technical and strategic support, including arranging those all-important offtake agreements. This 15-year strategic collaboration is set to ensure competitive pricing, indexed to international ammonia benchmarks, making India a significant player in the global Green Ammonia market.
As Dr. Faruk Patel, Chairman & Managing Director of KP Group, aptly put it, “This partnership exemplifies KP Group’s vision to lead clean energy innovation in India and abroad… setting new benchmarks in green ammonia production and international collaboration.”
This move by KPIGREEN isn’t just good for the company; it’s a huge win for India’s green energy transition and a testament to the growing global commitment to a sustainable future. Keep an eye on KPIGREEN – they’re definitely making waves! 🌊
source: Corporate Announcement
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