JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
JERA, the largest power generation firm in Japan, and ReNew Energy Global (ReNew) have inked a preliminary agreement to collaborate on the assessment of a green ammonia production project in India.
The Nasdaq-listed company ReNew and JERA will work together to assess the development of a green ammonia manufacturing plant in Paradip, Odisha, under the terms of the agreement. ReNew will accomplish this through its subsidiary ReNew E-Fuels.
The project will generate green hydrogen, a critical feedstock for green ammonia, using about 500 MW of high-capacity utilisation factor (CUF) renewable energy, according to the statement. By 2030, the project is expected to produce around 100,000 tonnes of green ammonia yearly.
JERA will have the right to take this green ammonia for Japan. A joint study will evaluate the project's commercial viability. The two companies have built a strong relationship during the past seven years and the project will leverage ReNew’s proven capabilities in renewable energy development and solutioning, and JERA’s expertise in building full value chains. This partnership between the two companies aligns with India’s ambitious National Green Hydrogen Mission and Japan’s clean energy transition goals.
The Indian government aims to produce 5 million tonnes of green hydrogen annually by 2030 to become the world’s largest green hydrogen hub. The Government of Japan is planning new initiatives to accelerate the transition towards clean energy. Both companies see India as a country with high solar and wind power potential.
Also Read : Coal PSUs Achieve 95.83% of Annual CAPEX Target as of January 2024 India to implement new renewable energy consumption norms from April 1, 2024
Nippon Steel is set to acquire a 10% stake in Malaysian pipe and flat steel producer Leform Be...
Asia 10-Mar-2026
India’s DRI To Investigate On Nepal And China Steel Imports Quality India’s Directorate...
Construction 04-Aug-2025
A consortium led by India's Institute of Minerals and Materials Technology (IMMT) has expressed inte...
Business 17-Jul-2024
The manufacturing Purchasing Managers' Index (PMI) rose in June 2024, fueled by strong demand and th...
Business 10-Jul-2024
✅ India exempted from 26% US tariffs, easing pressure on steel exporters✅ Relief for MSMEs and man...
Business 05-Apr-2025
Bokaro Steel Limited (BSL), a unit of Steel Authority of India Ltd (SAIL), has signed a licensing ag...
Construction 21-Nov-2025