Bergen/Oslo, 2nd January 2025
Greenstat Hydrogen India (Pvt) Ltd. (GHI), a pioneer in green hydrogen and derivative solutions, and H2Carrier, a leader in floating green ammonia production technologies, have entered into a strategic partnership through the signing of a Memorandum of Understanding (MoU). This collaboration aims to propel green hydrogen and ammonia projects in India and Sri Lanka, marking a significant milestone in the region’s energy transition journey.
Collaboration for Sustainable Innovation
Under the agreement, GHI and H2Carrier will work together to identify, evaluate, and implement green hydrogen and ammonia projects. A central focus of this partnership is the use of H2Carrier’s innovative P2XFloater™ technology, the world’s first floating green ammonia production solution, which harnesses renewable energy for large-scale production and export.
“We are excited to partner with H2Carrier in this transformative collaboration,” said Sturle Harald Pedersen, Chairman and CEO of Greenstat Hydrogen India.
“This MoU aligns perfectly with our commitment to driving the clean energy transition and delivering sustainable, scalable solutions for green hydrogen and ammonia production. H2Carrier’s cutting-edge P2XFloater™ technology offers a cost-effective and flexible platform to support industrial decarbonization and foster energy security in our key markets.”
H2Carrier CEO Mårten Lunde expressed equal enthusiasm about the partnership:
“H2Carrier is looking forward to collaborating with GHI to expand green ammonia solutions in India and Sri Lanka. Together, we aim to implement floating production solutions that provide both economic and environmental benefits, addressing the growing demand for green ammonia as a clean fuel and energy carrier while advancing sustainability in heavy industries such as shipping and agriculture.”
Key Objectives of the MoU
- Joint identification and development of green hydrogen and ammonia projects in India and Sri Lanka.
- Exploration of H2Carrier’s floating production technologies for local and regional applications.
- Conducting feasibility studies and establishing partnerships for project financing and deployment.
- Supporting the global energy transition by offering scalable, sustainable energy solutions.
About Greenstat Hydrogen India (PVT) Ltd. (GHI)
Greenstat Hydrogen India is a leading developer of green hydrogen and its derivatives in Asia and the Middle East. Established in 2020 by Greenstat ASA, a Norwegian green energy company, GHI contributes to decarbonization efforts across various industries by delivering innovative, sustainable solutions. Greenstat ASA is part of Française De l’Énergie (FDE), a multi-energy producer offering low-carbon footprint solutions globally.
About H2Carrier
H2Carrier is renowned for its P2XFloater™ technology, a floating green ammonia production facility that delivers cost-effective, scalable solutions for green hydrogen and ammonia production worldwide. The company is committed to supporting the global energy transition by providing innovative and sustainable energy solutions.
This collaboration between Greenstat Hydrogen India and H2Carrier marks a critical step in advancing green hydrogen and ammonia technologies, reinforcing the commitment of both companies to a cleaner, greener future.