17 Jan 2024

India's Inox Air Products Signs MoU With Maharashtra Government

17 Jan 2024  by reuters   
Industrial and medical gases manufacturer INOX Air Products said on Tuesday that it has signed a memorandum of understanding with the government of Indian state Maharashtra for a green ammonia plant, which has a planned outlay of $3 billion.

The project is aimed to be commissioned in 3 to 5 years and would be used to produce 500,000 million metric tons per annum(MTPA) of liquid ammonia, the privately-held company said.

INOX Air Products is a manufacturer of industrial and medical gases and has about 45 operating locations in India.

Torrent Power , which generates thermal, solar and wind power, recently signed a similar agreement with the Gujarat government to create green hydrogen and ammonia manufacturing plants.


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