Jakson Green to Develop INR 2,400 Crore Green Ammonia Plant

Jakson Green Private Limited, an energy transition platform backed by India's Infrastructure and Renewables powerhouse, Jakson Group, has signed a Memorandum of Understanding (MOU) with Deendayal Port Authority to set up a green ammonia facility. The project is valued at approximately INR 2400 crore.

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The green ammonia facility, situated at Kandla Port, Gujarat, will be developed in a phased approach, with a projected annual production capacity of 133,000 tons of green ammonia. Additionally, this endeavour is poised to create more than 5000 jobs including O&M.

The MoU was signed by Krishnan Kannan, Joint Managing Director, Jakson Green and Sushil Chandra Nahak, Chief Mechanical Engineer, Deendayal Port Authority in the presence of key dignitaries from respective ministries and the state. The Deendayal Port Authority would facilitate Jakson Green in obtaining necessary registrations, approvals, clearances, and provide incentives, among others.

Krishnan Kannan, Joint Managing Director of Jakson Green, expressed his enthusiasm for the partnership, stating, "We are thrilled to embark on this collaborative journey with the Deendayal Port Authority to establish a green ammonia facility. Green Ammonia stands at the core of our sustainable energy vision and our facility represents a significant stride in reducing greenhouse gas emissions within the Maritime industry. This partnership reinforces our unwavering commitment to driving sustainable energy transition, while also acting as a catalyst for economic growth and the well-being of the local community."

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The MoU was signed on the sidelines of Global Maritime India Summit (GMIS), 2023. The maritime industry is a major contributor to greenhouse gas emissions and the summit focused on how renewable energy has the potential to play a significant role in decarbonizing the sector. 

Jakson Green recently set up an electrolyser manufacturing unit, besides building and operating green hydrogen assets globally, in line with its vision of being a power-to-X player cumulatively producing over 0.5 million tons per annum of green hydrogen/ammonia by 2030.