Welspun New Energy and Gujarat Pipavav Port collaborate for green hydrogen Initiatives

Welspun New Energy Limited (WNEL) signed a Memorandum of Understanding (MoU) with Gujarat Pipavav Port Limited (GPPL) on January 10 to jointly explore opportunities and develop green hydrogen facilities for the production of hydrogen on a land parcel provided by GPPL.

The MoU inked at the Vibrant Gujarat Global Summit 2024, aims to facilitate collaboration in joint production and off-take arrangements for the green molecules produced at the facilities. Gujarat Pipavav Port, promoted by APM Terminals, a part of the AP Moller-Maersk Group, will be part of this venture.

Kapil Maheshwari, Executive Director & CEO of Welspun New Energy, stated, “The collaboration is aimed at creating an ecosystem for GPPL’s transition towards sustainability through a mix of Green Ammonia and Green Methanol. Further, green derivatives will also help Pipavav Port strengthen its position globally as a Green Shipping Line.”

Welspun World, through its entity Welspun New Energy, is committed to supporting Gujarat's decarbonisation goals with a cumulative investment of over Rs 40,000 crores to build a green hydrogen and green ammonia ecosystem in the state.