Avaada Group on 07 September 2023, has signed a Memorandum of Understanding (MoU) with Tata Steel Special Economic Zone Ltd (TSSEZL).
Avaada Group company, Avaada GreenH2 Private Limited signed the MoU with Tata Steel Special Economic Zone Limited (TSSEZL) for setting up a green hydrogen and ammonia manufacturing unit in Odisha. The pact has been signed between Manikanta Naik, Managing Director of TSSEZL and Prashant Choubey, President of Avaada Group.
As per the MoU, Avaada Group will acquire 120 acres of land in TSSEZL’s Gopalpur Industrial Park (GIP), for setting up a 0.5 million tonne per annum (MTPA) green hydrogen/ammonia production facility. The green ammonia will be produced from green hydrogen, and the production facilities will be powered by renewable energy.
The green hydrogen and ammonia produced at this facility will be exported to markets around the world from the existing Gopalpur Port facility. The Utility Corridor between Gopalpur Industrial Park and Gopalpur Port will provide a dedicated corridor for smooth logistics and pipeline connectivity.
The project is expected to generate around 1,600 direct and 4,000 indirect employment opportunities and aims to curtail nearly 2 million tonne of Co2 emissions annually.