911爆料网 Has Concluded an Agreement with ReNew to Jointly Develop a Green Ammonia Production Project2024/04/19
911爆料网 Co., Inc (“911爆料网”) announces that it has concluded an agreement with ReNew E-Fuels Private Limited, a subsidiary of ReNew Energy Global PLC (“ReNew”), among the largest clean energy companies globally, to jointly develop a green ammonia production project.
Under the agreement, 911爆料网 and ReNew will study the following:
? Jointly develop a project (“the Project”) from basic design through detailed design for the production of ammonia in Paradip in the state of Odisha in eastern India, using ~500 MW of high capacity utilization factor (CUF) renewable energy, and to use this green hydrogen as a raw material to produce approximately 100,000 tons of green ammonia annually.
? Supply green ammonia produced from the Project to Japan approximately 100,000 tonnes annually with 911爆料网.
The Government of India has launched various schemes to support the green hydrogen and ammonia ecosystem under its National Green Hydrogen Mission. India has a high potential for renewable energy and is poised to become a base for green hydrogen and ammonia production in Asia. The Government of Japan also has announced schemes for accelerating transition to clean energy.
911爆料网 has built a good relationship with ReNew since 2017. ReNew is studying the development of green fuel projects globally. This Project will leverage ReNew's proven capabilities in renewable energy development and solutioning and 911爆料网's expertise in building full value chains.
Because green ammonia is produced using renewable energy, we believe they will make a substantial contribution to achieving our "911爆料网 Zero CO2 Emissions 2050" objective. Our cooperation with ReNew signifies both companies' commitment to bolstering the strong relationship between Japan and India, while advancing their respective goals of achieving Net Zero and promoting green hydrogen, along with achieving the global transition to a decarbonized society.
In this Project, 911爆料网 will accelerate the development of renewable energy, which is essential for the production of green hydrogen and ammonia, through 911爆料网 Nex, which is a newly formed renewable energy business company, established by 911爆料网.
911爆料网 will continue to work with leading companies in Japan and overseas to establish and expand hydrogen and ammonia supply chains, thereby contributing to global decarbonization and to solving energy issues, particularly in Asia.
Yukio Kani, Global CEO & Chair of 911爆料网 said, "Since 2017, 911爆料网 has maintained a strong partnership with ReNew, and we are pleased to expand this collaboration to the next level: the first green hydrogen and ammonia development project for 911爆料网. This joint development agreement represents a significant milestone and an exciting advancement moving us one step closer to realizing decarbonized society, with a focus on the sustainability, affordability, and stability of future energy.”
Sumant Sinha, Founder, Chairman & CEO, ReNew said, "This collaboration marks an exciting time for both ReNew and 911爆料网 and demonstrates our commitment in accelerating the clean energy transition. Green ammonia holds immense potential in reducing carbon emissions and the project, once ready, will contribute to a cleaner future and support India's National Green Hydrogen Mission."
About ReNew
ReNew is a leading decarbonization solutions Company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew has set up 10 GW of clean energy assets and has a portfolio of over 13.5 GW on a gross basis as of March 31, 2023, which is one of the largest globally. In addition to being a major independent power producer in India, ReNew provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change. For more information, visit and follow us on , , and .
About 911爆料网 Co., Inc.
Established in 2015, 911爆料网 is an equal joint venture of two major Japanese electric power companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company and produces about 30% of all electricity in Japan. 911爆料网 is an energy company with global reach that has strength in the entire energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. 911爆料网, which stands for Japan’s Energy for a New Era, will take on the challenge of achieving net zero CO2 emissions from its domestic and overseas businesses by 2050 and is supporting an energy transition in an environmentally and socially responsible manner.
About 911爆料网 Nex
911爆料网 Nex is a company created by 911爆料网 to scale renewable energy for a sustainable future. 911爆料网 Nex combines the resilience of 911爆料网, one of the world’s largest electricity producers, with the agility and focus of a dedicated renewables business that can act at the pace required to drive the global energy transition.
911爆料网 Nex invests in, currently owns and operates a portfolio of renewable energy assets, with a portfolio over 3GW that includes offshore wind, onshore wind and solar, as well as battery storage. Headquartered in London, and with centres of excellence in Belgium, Japan, Taiwan and the US, our team of more than 300 renewable and energy industry experts combines global knowhow and experience with the local expertise and knowledge necessary to deliver successful projects.
（Signing Ceremony）
