Page 9 - AsiaElec Week 25 2022
P. 9
AsiaElec HYDROGEN AsiaElec
TotalEnergies signs separate
deals with Asian partners
INDIA FRANCE’S TotalEnergies has signed two sep- hydrogen for the Indian domestic market, aimed
arate energy-focused deals with Asian partners at substituting current urea imports. Its early
– India’s Adani Enterprises Ltd (AEL) and South plans also include investing around $5bn in a
Korea’s Korea Gas (Kogas) – over the past week. 2-GW electrolyser that will use power generated
On June 14, the French company said it had by a 4-GW solar and wind farm.
entered into an agreement with AEL to buy a Separately, on June 15, TotalEnergies signed
25% interest in the Adani New Industries Ltd a memorandum of understanding (MoU) with
(ANIL) unit. The companies will use the ANIL Kogas to boost LNG trading and optimisation.
business exclusively to pursue the production That agreement paves the way towards setting
and commercialisation of green hydrogen in up a formal framework for long-term co-opera-
India. tion between the two companies, according to a
ANIL will target production of 1mn tonnes statement Kogas shared with Reuters.
per year (tpy) of green hydrogen by 2030, under- “The two companies, directly and through
pinned by around 30 GW of new renewable their affiliates Kogas International (KI) and
power generation capacity. TotalEnergies Gas and Power Asia (TEGPA),
Green hydrogen is the cleanest, but also cost- have a strong track record of co-operation in
liest, form of hydrogen. TotalEnergies said that LNG procurement for the Korean market and in
in an effort to keep production costs down, the optimising Kogas volumes out of Sabine Pass in
partners in ANIL would integrate the company the United States,” the South Korean company
along the value chain, from the manufacturing of said.
equipment to the production of the green hydro- Kogas and TotalEnergies will also explore
gen itself and its transformation into derivatives, the development of potential projects and trans-
including nitrogenous fertilisers and methanol, actions involving renewable and low-carbon
both for the domestic market and for export. hydrogen, and their derivatives.
ANIL will initially develop a project to pro- The MoU comes as South Korea seeks to bol-
duce 1.3mn tpy of urea derived from green ster its energy security.
Week 25 22•June•2022 www. NEWSBASE .com P9
