India and Japan signed agreement for exporting green ammonia, marking a significant milestone in their green energy partnership. The deal includes major stakeholders such as Sembcorp Industries, Sojitz Corporation, Kyushu Electric Power Co, and NYK Line, all working together to build a comprehensive supply chain.
Under the Heads of Terms (HoT) agreement, each company has defined roles: Sembcorp Industries will produce green ammonia in India using renewable energy, Kyushu Electric Power will integrate the green ammonia into its energy supply, Sojitz Corporation will facilitate business connections, and NYK Line will manage maritime logistics.
The agreement is a crucial step towards India’s ambition to become a leading player in green hydrogen and ammonia production. With its abundant renewable energy resources, India is well-equipped to expand its green energy capabilities. As reported by devdiscourse.com, the collaboration with Japan not only underscores India’s growing influence in the sector but also paves the way for future advancements in green energy.
