Greenko arm, John Cockerill ink pact for electrolyser unit

of Singapore, ADIA and Orix Corp backed Greenko has set up a 50:50 joint venture with Belgium’s John Cockerill for setting up a giga factory for electrolysers as part of its green hydrogen and ammonia manufacturing plans, joining the likes of Reliance Industries and Adani Group to set up such large scale facilities.

John Cockerill, among the largest suppliers of high-capacity alkaline electrolyzers, developing 6+MW of such facilities across the globe, have signed an exclusive agreement with Greenko ZeroC (GZC), a subsidiary of Greenko Group, to jointly develop market initiatives for green hydrogen electrolyzers in India for local use and also for exports. Greenko will set up a 1 million tonnes per annum ammonia manufacturing plant for exports that will have a requirement of 2 gigawatts (GW) of electrolysers.

Ammonia produced through clean tech can be used in fertiliser and chemicals industry. Currently, 2% of global fossil fuel is used to make ammonia. It is also the second largest chemical produced after sulphuric acid. Shipping industry is already moving towards using ammonia as a transportation fuel.

This partnership will facilitate the production of the lowest cost green hydrogen by enabling delivery of electrolyzers at scale in India, within the next year, both companies said in a statement on Tuesday. In turn, this will support the faster adoption of a green molecule-related ecosystem in the country. Both companies, according to people in the know are looking at an $250 million capital investment towards the project which may come up in Telengana or Gujarat. The quantity of hydrogen consumed in India is currently 5-6 mtpa and replacing a quarter of that with green hydrogen will create a nascent domestic market with a supply chain that will create opportunities to substitute at least 3 mtpa of ammonia imports.


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