Indian infrastructure giant Larsen and Toubro said on Wednesday that its green energy unit has signed an agreement with Japanese trading firm ITOCHU Corp for the long-term supply of 300,000 tonnes of green ammonia per annum.
Here are some details:
* L&T Energy GreenTech will supply green ammonia, a key fuel option to decarbonise the shipping sector, from its proposed production facility in the western Indian state of Gujarat.
* ITOCHU aims to develop a global green ammonia supply ecosystem across crucial maritime trade routes, including Singapore.
* Indian companies are increasingly winning orders to supply green ammonia to countries including South Korea and Japan.
* India aims to produce about 5 million tons of green hydrogen and its derivatives, such as green ammonia, by 2030 through state subsidies. (Reporting by Sethuraman NR in New Delhi; Editing by Sonia Cheema)
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