L&T joins ReNew in India; Chart partners with Hylium in Korea
The partnership will place L&T and ReNew in a position to offer green hydrogen solutions to the industry.
Larsen & Toubro (L&T) (India’s engineering conglomerate) and ReNew Power (an Indian renewable energy company) have partnered to work on the emerging green hydrogen business in India.
Both parties will jointly develop, own, execute and operate green hydrogen projects in India. L&T will offer its expertise and experience in engineering and construction projects, and ReNew will provide its experience in developing renewable energy projects.
It is expected that green hydrogen demand in India for applications such as refineries, fertilizers and city gas grids will reach around 2 million tonnes/year by 2030, requiring an investment of US$ 60 billion.
S N Subrahmanyan, CEO & MD of Larsen & Toubro, said, “It is synergistic and brings together the impeccable track record of L&T in designing, executing, and delivering EPC projects and the expertise of ReNew in developing utility-scale renewable energy projects.”
Sumant Sinha, ReNew’s Chairman & CEO, commented, “This partnership between ReNew and L&T will allow both companies to pool their knowledge, expertise and resources to take maximum advantage of this transition.”
Meanwhile, Chart Industries, Inc. and South Korea’s Hylium Industries, Inc. have signed an MoU to establish a joint venture and associated supply agreement to design and produce liquid hydrogen trailers for South Korea.
The agreement covers, Hylium placing a purchase order for three liquid hydrogen trailers designed and produced for sale in South Korea through Hylium, including obtaining and maintaining all applicable government certifications, approvals, and registrations required.
Jill Evanko, CEO of Chart, said, “Our companies’ shared mission of bringing clean energy solutions to the world will be furthered by applying Chart’s decades of experience of designing and building hydrogen trailers with Hylium’s Korean presence and experience in the region’s operations, certifications, and commercial opportunities.”
Seo Young Kim, the CEO of Hylium Industries, Inc, said, “We believe this partnership will not only contribute to Korea’s hydrogen economy but also help foster stronger ties between the two countries for carbon-free clean environment.”
