Thermax Limited, a leading energy and environment solutions provider, and Fortescue Future Industries (FFI), an Australia-based green energy and green technology company,have signed a Memorandum of Understanding (MoU) to explore green hydrogen projects – including new manufacturing facilities – in India.
Under the MoU, Thermax and FFI plan to explore opportunities to jointly develop fully integrated green hydrogen projects for commercial and industrial customers in India. The MoU also contemplates the parties’ potential collaboration in the development of new manufacturing facilities to support green energy projects in India. They will leverage the Performance Linked Incentive (PLI scheme) for new manufacturing, under India’s National Green Hydrogen Mission.
In addition to fulfilling domestic criteria, electrolysers and subsystems may be exported worldwide.
Fortescue Metals Group’s experience in handling large-scale projects in its iron ore sector offers FFI – Fortescue’s green energy arm – with a good foundation to develop into manufacturing projects in green hydrogen.
FFI is currently building a world-class Green Energy Manufacturing Hub in Gladstone, Queensland. The first phase of the project include the building of an electrolyzer production plant with an initial output capacity of 2GW per year.
Thermax has a sales and service network spread over Asia, South East Asia, the Middle East, Africa, Europe and the Americas. It operates globally through 34 international offices and 14 manufacturing facilities – 10 of which are in India and four overseas. The group consists of 10 wholly-owned domestic (Indian) subsidiaries and 22 wholly-owned overseas subsidiaries.
This is a Syndicate News Feedback; fake checked and edited by Clean-Future Team