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Adani and TotalEnergies join hands to create the world’s largest green hydrogen ecosystem

by Rishika Choudhury

Date & Time: Jun 16, 2022 3:00 PM

Read Time: 3 minute

Adani, India's fastest-growing diversified company portfolio, and TotalEnergies, France’s energy supermajor, has formed a new cooperation to build the world's largest green hydrogen ecosystem.
TotalEnergies will buy a 25% minority stake in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd as part of this strategic cooperation (AEL).

New partnership expected to transform the energy landscape both in India and globally

The new alliance, which is centred on green hydrogen, is likely to revolutionise India's and the world's energy landscapes. Adani and TotalEnergies are both pioneers in energy transition and renewable energy adoption, and this collaborative energy platform bolsters both firms' public ESG commitments.

Create green hydrogen production capacity of 1 million tonnes per year

ANIL plans to invest more than USD 50 billion on green hydrogen and its ecosystem over the next ten years. Before 2030, ANIL will create a green hydrogen production capacity of 1 million tonnes per year in the first phase.

Adani’s partnership with TotalEnergies adds several dimensions

Mr. Gautam Adani, Chairman, Adani Group said, “In our journey to become the largest green hydrogen player in the world, the partnership with TotalEnergies adds several dimensions that include R&D, market reach and an understanding of the end consumer. This fundamentally allows us to shape market demand. This is why I find the continued extension of our partnership to hold such great value. Our confidence in our ability to produce the world’s least expensive electron is what will drive our ability to produce the world’s least expensive green hydrogen. This partnership will open up a number of exciting downstream pathways.”

Decarbonize the hydrogen used in European refineries by 2030

“TotalEnergies’ entry into ANIL is a major milestone in implementing our renewable and low carbon hydrogen strategy, where we want to not only decarbonize the hydrogen used in our European refineries by 2030, but also pioneer the mass production of green hydrogen to meet demand, as the market will take off by the end of this decade.” said Mr. Patrick Pouyanné, Chairman and CEO of TotalEnergies. “We are also very pleased with this agreement, which further strengthens our alliance with the Adani Group in India and contributes to the valorization of India’s abundant low-cost renewable power potential. This future production capacity of 1 million ton per annum 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.”

This partnership will help ANIL deliver the world’s largest green hydrogen ecosystem

This partnership builds on the exceptional synergies between the two platforms. While Adani will bring its deep knowledge of the Indian market, rapid execution capabilities, operations excellence and capital management philosophy to the partnership, TotalEnergies will bring its deep understanding of the global and European market, credit enhancement and financial strength to lower the financing costs, and expertise in underlying technologies. The complementary strengths of the partners will help ANIL deliver the largest green hydrogen ecosystem in the world, which, in turn, will deliver the lowest cost of Green 
Hydrogen to the consumer and help accelerate the global energy transition.

Largest fully integrated green hydrogen player in the world

ANIL aims to be the world's largest fully integrated green hydrogen player, with operations spanning the entire value chain, from the production of renewables and green hydrogen equipment (solar panels, wind turbines, electrolysers, and so on) to large-scale green hydrogen generation and downstream green hydrogen derivatives production.

Help India to build the fundamental pillars of economic sustainability
The strategic alliance between the Adani Portfolio and TotalEnergies now includes LNG terminals, gas utility business, renewables business, and green hydrogen production, thanks to this investment in ANIL. 

By advancing decarbonisation of industry, power production, mobility, and agriculture, the alliance assists India in its effort to develop the essential pillars of economic sustainability, thereby reducing climate change and securing energy independence.


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