Avaada Group, a player in renewable energy and green hydrogen, has joined hands with Casale, another global player in ammonia technology, to develop a state-of-the-art green ammonia plant in Gopalpur, Odisha.
The plant, with a production capacity of 1,500 tons per day (TPD), will operate entirely on renewable energy.
Casale’s advanced ammonia production technology will ensure a completely carbon-free process, according to a press release.
Casale to Provide Key Technology and Engineering Support
Casale will contribute crucial expertise to the project. They will supply the green ammonia process license, basic engineering package, and proprietary equipment. Additionally, they will conduct a detailed engineering review.
With this partnership, Casale has now licensed a total green ammonia capacity of 5,700 TPD in India, said Federico Zardi, CEO of Casale.
Avaada’s Expansion Plans in Odisha
The collaboration follows Avaada’s recent agreement with the Odisha state government.
The company has committed to investing ₹20,700 crore in multiple green energy initiatives. This includes developing 1,500 MW of floating solar projects and two 1,000 MW pumped hydro storage plants. Additionally, the investment will support green energy equipment manufacturing units.
Avaada’s Renewable Energy Growth Strategy
Avaada aims to achieve 11 GW of renewable energy capacity by 2026.
As reported by thehindubusinessline.com, the company secured $1 billion in funding from Brookfield’s Energy Transition Fund in 2023 to fuel its expansion. Additionally, it received an extra $300 million from GPSC, a subsidiary of Thailand’s PTT Group.
