Jakson Green on Thursday said it has signed a Memorandum of Understanding (MoU) with the Deendayal Port Authority to set up a green ammonia facility valued at Rs 2,400 crore.
The facility, situated at Kandla Port, Gujarat, will be developed in a phased manner with a projected annual production capacity of 133,000 tonnes of green ammonia, according to the official press release.
“Green ammonia stands at the core of our sustainable energy vision and our facility represents a significant stride in reducing greenhouse gas emissions within the maritime industry,” said Krishnan Kannan, joint managing director of Jakson Green.
The Deendayal Port Authority would facilitate Jakson Green in obtaining necessary registrations, approvals, clearances, and provide incentives, among others.
The MoU was signed on the sidelines of Global Maritime India Summit, 2023. The maritime industry being a major contributor to greenhouse gas emissions, the summit focused on how renewable energy has the potential to play a significant role in decarbonizing the sector.
