Sojitz and Kyushu Electric will offtake the full volume of ammonia production from the first phase of Sembcorp’s under-development production project in India, with the intention to supply various industrial customers in the Kyushu region of Japan. In more term sheet news, Avaada will supply renewable ammonia to Mysore, a distributor of ammonia to Indian customers.
REC Limited has committed nearly $5 billion total to three new energy projects in Odisha state, including renewable ammonia projects to be developed by Avaada and ACME Group. Avaada also announced that its facility will include a “cutting-edge” ammonia storage facility, to be developed at Gopalpur Port. The new funds follow a $1 billion investment in Avaada from infrastructure giant Brookfield earlier this year.
In Indian developments this week: