Tata Steel and Hygenco Forms Joint Venture to Establish Green Hydrogen Plant in Odisha

Tata Steel Special Economic Zone Limited (TSSEZL) and HHP Five Private Limited (Hygenco) have inked a Memorandum of Understanding (MoU) to establish a green hydrogen and green ammonia project at TSSEZL’s Gopalpur Industrial Park (GIP) in Odisha’s Ganjam district. Hygenco, known for producing low-cost green hydrogen, aims to produce 1 million metric tons per year (1 MTPA) from this plant in phases, with the initial phase scheduled for commissioning by December 2026.

MoU Signing Ceremony between Tata Steel and Hygenco

The company will acquire land in Ganjam district to establish its green hydrogen, green ammonia, and derivatives unit. Manikanta Naik, managing director of TSSEZL, expressed satisfaction with having Hygenco onboard. He noted that the total committed capacity of green hydrogen and green ammonia manufacturing at the industrial park now stands at around 2.6 MTPA. This solidifies Gopalpur Industrial Park as a green hydrogen and ammonia hub in India.

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Amit Bansal, founder and CEO of Hygenco, highlighted their aim to produce the lowest-cost green ammonia for clients and their strategic vision of being a dominant player in the sector worldwide. The green ammonia produced will be exported through the existing Gopalpur port facility. The utility corridor, currently under development, is expected to enhance logistics and pipeline connectivity for the project.

Hygenco has already secured several long-term off-take agreements for green hydrogen projects in India, including the country’s first megawatt-scale plant in Hisar, Haryana. TSSEZL had previously signed similar agreements with other manufacturers for setting up green hydrogen and ammonia projects of 1.6 MTPA at Gopalpur Industrial Park.

Objectives of the Joint Venture

The joint venture between Tata Steel and Hygenco aims to develop a green hydrogen and ammonia plant in Odisha. Several important goals are what motivate this initiative:

Sustainable Steel Production

The primary objective of this joint venture is to pave the way for sustainable steel production. The project is set to be the world’s first off-grid green hydrogen plant for the stainless steel industry.

Technological Leadership

The joint venture is built on a strong focus on performance, quality, and technology leadership. It aims to optimally set up the joint venture to address future challenges of the industry and meet the needs of customers.

National Green Hydrogen Mission

The venture is part of the National Green Hydrogen Mission, which is transforming India’s steel industry. India has evolved from a net importer to a net exporter and is aiming to become the world’s largest producer of crude steel.

Read: Fortescue Launches its First Green Hydrogen Production Facility in USA

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