Adani to play a key role in global decarbonisation, WEF announces

Ahmedabad, 30 September 2024: Three Adani portfolio companies — Adani Enterprises Ltd (AEL) (through its subsidiary Adani New Industries Ltd), Adani Ports and Special Economic Zone Ltd (APSEZ) and Ambuja Cements Ltd — have joined the World Economic Forum’s ‘Transitioning Industrial Clusters’ initiative, forming the Adani Mundra Cluster. This initiative aims to enhance collaboration and align the vision of co-located companies to drive economic growth, generate employment and advance decarbonisation by 2050.

Since its inception in 1993, the port business at Mundra has evolved into a thriving, port-led industrial cluster. Now recognised as India’s largest port, Mundra has become a dynamic hub for companies across diverse sectors, ranging from advanced solar module and wind turbine manufacturing to the challenging-to-decarbonise cement production.

APSEZ has committed to powering all its port operations with renewable electricity by 2025, with a target of achieving net-zero emissions as early as 2040. The upcoming Ambuja unit in Mundra aims to be the lowest-emission-intensity cement production facility globally, aligning with the company’s goal of achieving net-zero by 2050.

Additionally, the Adani Mundra Cluster will become one of the world’s largest integrated green hydrogen hubs, with a planned capacity of 1 Million Metric Tonnes Per Annum (MMTPA) of green hydrogen production by 2030, expanding up to 3 MMTPA by 2040. This will be supported by a fully integrated value chain comprising 10 GW of solar modules, 5 GW of wind turbines and 5 GW of electrolyser manufacturing capacity, alongside associated port infrastructure. The cluster will also have production facilities for green hydrogen derivatives such as ammonia, further solidifying its leadership in the green energy transition.

“By joining the World Economic Forum’s Transitioning Industrial Clusters initiative, the signatories will have the opportunity to collaborate with global industry peers, think-tanks, policymakers and experts to pioneer innovative approaches towards decarbonization,” said Karan Adani, Managing Director of APSEZ and Director of Ambuja Cements. “The Adani Mundra Cluster aspires to become an integrated green hydrogen manufacturing hub, helping to decarbonise the hard-to-abate sectors of the Indian economy and reduce the country’s dependency on energy imports.”