INOX Air Products Signs MoU with Maharashtra Government to Setup a $3 Billion Green Ammonia Plant

INOX Air Products has signed a Memorandum of Understanding (MoU) with the Maharashtra government to establish a green ammonia plant with an estimated project cost of USD 3 billion. The plant, expected to have a capacity of 500,000 metric tonnes per year, is set to be commissioned within the next five years.

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The plant will produce liquid ammonia, serving as a climate-neutral hydrogen carrier. The MoU was signed during the World Economic Forum annual meeting. Additionally, the organization recently announced the expansion of its Project Delivery Centre (PDC) in Vadodara, India, providing engineering, procurement, construction, and project execution services.

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The green ammonia produced can be utilized in various industries, such as fertilizers, refrigeration, and power generation, fostering industrial growth. This USD 3 billion project represents a significant investment in Maharashtra's infrastructure, creating substantial job opportunities. Furthermore, the investment will bolster the state's economy and attract additional funds to the clean energy sector.

About INOX Air Products

INOX Air Products is a leading Indian manufacturer of industrial and medical gases. The company has a presence in over 45 locations across India and offers a wide range of gases, equipment, and services. 

INOX Air Products supplies gases to a wide range of customers, including small, medium, and large manufacturing organizations across dozens of sectors. Some of their major customers include steel mills, refineries, chemical plants, food and beverage companies, and hospitals. 

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