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Tata Steel’s arm inks MoU with Hygenco
May-06-2024

Tata Steel’s subsidiary -- Tata Steel Special Economic Zone (TSSEZL) and HHP Five (Hygenco) have inked a memorandum of understanding (MoU) to establish a green hydrogen and green ammonia project at TSSEZL’s Gopalpur Industrial Park (GIP) in Odisha’s Ganjam district.

Under the agreement, Hygenco will acquire land in Ganjam district to establish its green hydrogen, green ammonia, and derivatives unit. Hygenco, known for producing low-cost green hydrogen, aims to produce 1 million tonnes per annum (1 MnTPA) from this plant in phases, with the initial phase scheduled for commissioning by December 2026.

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.


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