In a major development for the Adani Group, three of its portfolio companies—Adani Enterprises (through its subsidiary Adani New Industries Ltd), Adani Ports and Special Economic Zone (APSEZ), and Ambuja Cements—have joined the World Economic Forum’s (WEF) ‘Transitioning Industrial Clusters’ initiative, forming the Adani Mundra Cluster, it was announced on Monday.
The Adani Mundra Cluster is set to become one of the world’s largest integrated green hydrogen hubs, with plans to produce 1 million metric tonnes per annum (MMTPA) of green hydrogen by 2030, expanding to 3 MMTPA by 2040.
This ambitious project will be supported by a fully integrated value chain that includes 10 GW of solar module capacity, 5 GW of wind turbine capacity, and 5 GW of electrolyser manufacturing capacity, alongside associated port infrastructure.
Additionally, the cluster will include production facilities for green hydrogen derivatives, such as ammonia, further establishing its leadership in the green energy transition, according to the Adani Group.
Karan Adani, Managing Director of APSEZ and Director of Ambuja Cements, said, “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 decarbonisation.”
He added, “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.”
The initiative seeks to enhance collaboration and align the visions of co-located companies to drive economic growth, generate employment, and advance decarbonisation efforts by 2050.
Roberto Bocca, Head of the Centre for Energy and Materials and Member of the Executive Committee at the WEF, welcomed the Adani Mundra Cluster to their international community of 23 industrial clusters, as one of the first two clusters in India.
“By tapping into Gujarat’s significant renewable energy capacity, the cluster is on track to becoming one of the leading green hydrogen hubs in South Asia. Within the Transitioning Industrial Clusters community, Adani Mundra can exchange knowledge with fellow clusters and advance the energy transition,” Bocca stated.
Since its establishment in 1993, the port business at Mundra has transformed into a thriving, port-led industrial cluster. 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.
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