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Released February 26, 2024 | NEW DELHI
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Researched by Industrial Info Resources (Sugar Land, Texas)--The Indian state of Karnataka is attracting heavy investment for "green" chemicals and has emerged as the leading Indian state for these projects with 69 active planned projects worth US$16.38 billion. These projects include green hydrogen and its derivatives, such as green ammonia and green methanol and nitrogen air separation units (ASUs), and supporting utilities like desalination plants, hydrogen storage facilities and renewable power plants.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a full list of related project reports.
Karnataka enjoys high levels of solar and wind energy resources, making it a favorable location to produce renewable energy, which is required for green hydrogen production. The coastal region of Karnataka, particularly Mangaluru, has access to ports which can facilitate the export of green hydrogen. Proximity to water bodies facilitates the availability of abundant water required for the electrolysis process. Karnataka also has ample land available, which can be utilized for setting up green hydrogen facilities along with supporting utilities.
ABC Cleantech Private Limited (Hyderabad, India) is the highest investor in the state, with 12 active projects worth US$5.8 billion, followed by ACME Group (Haryana, India) with seven active projects worth US$5.56 billion.
ABC Cleantech's two-phase, 1 million-ton-per-annum green ammonia project is at its initial stage, with completion expected by mid-2029, while ACME's two-phase, 1.2 million-ton-per-annum green ammonia project is in the design stage and is expected to be completed by the end of 2028. Subscribers to the GMI Database can read detailed reports on ABC Cleantech's Phase 1 and Phase 2 projects, and ACME Group's Phase 1 and Phase 2 projects
Other major companies with investments in Karnataka include Avaada Group (Mumbai, India), Petronas (Kuala Lumpur, Malaysia), ReNew Power Private Limited (NASDAQ:RNW) (Gurgaon, India), Greenko Group (New Delhi, India), JSW Energy (Maharashtra, India) and Oil and Natural Gas Corporation (ONGC) (New Delhi).
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a full list of related project reports.
Karnataka enjoys high levels of solar and wind energy resources, making it a favorable location to produce renewable energy, which is required for green hydrogen production. The coastal region of Karnataka, particularly Mangaluru, has access to ports which can facilitate the export of green hydrogen. Proximity to water bodies facilitates the availability of abundant water required for the electrolysis process. Karnataka also has ample land available, which can be utilized for setting up green hydrogen facilities along with supporting utilities.
ABC Cleantech Private Limited (Hyderabad, India) is the highest investor in the state, with 12 active projects worth US$5.8 billion, followed by ACME Group (Haryana, India) with seven active projects worth US$5.56 billion.
ABC Cleantech's two-phase, 1 million-ton-per-annum green ammonia project is at its initial stage, with completion expected by mid-2029, while ACME's two-phase, 1.2 million-ton-per-annum green ammonia project is in the design stage and is expected to be completed by the end of 2028. Subscribers to the GMI Database can read detailed reports on ABC Cleantech's Phase 1 and Phase 2 projects, and ACME Group's Phase 1 and Phase 2 projects
Other major companies with investments in Karnataka include Avaada Group (Mumbai, India), Petronas (Kuala Lumpur, Malaysia), ReNew Power Private Limited (NASDAQ:RNW) (Gurgaon, India), Greenko Group (New Delhi, India), JSW Energy (Maharashtra, India) and Oil and Natural Gas Corporation (ONGC) (New Delhi).
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
