TotalEnergies Acquires 25% Interest in Adani New Industries
14 Junho 2022 - 3:01AM
Dow Jones News
By Maitane Sardon
TotalEnergies SE said Tuesday that it has acquired a 25%
interest in Adani New Industries Ltd., the incubator of Indian
multinational conglomerate Adani Enterprises Ltd.
Adani New Industries will be the exclusive platform of Adani and
TotalEnergies for the production and commercialization of green
hydrogen in India, the French oil-and-gas company said.
Adani New Industries will target production of 1 million metric
tons of green hydrogen a year by 2030. It also intends to develop a
project to produce 1.3 metric tons of urea derived from green
hydrogen a year for the Indian domestic market, with an investment
of around $5 billion in a 2-gigawatt electrolyzer fed by renewable
power, TotalEnergies said.
"This future production capacity of 1 mtpa of green hydrogen
will be a major step in increasing TotalEnergies' share of new
decarbonized molecules--including biofuels, biogas, hydrogen, and
e-fuels--to 25% of its energy production and sales by 2050,"
Patrick Pouyanne, chairman and chief executive officer of
TotalEnergies, said.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
June 14, 2022 01:46 ET (05:46 GMT)
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