Greenstat Hydrogen India (GHI) and H2Carrier have reached an agreement to jointly develop and implement green hydrogen and ammonia projects in India and Sri Lanka, reported H2 View.
The partnership, formalized through a Memorandum of Understanding (MOU), will see the two companies working together on project identification, feasibility studies, and the establishment of green hydrogen and ammonia production facilities. The focus will be on utilizing H2Carrier’s DNV-certified P2XFloater technology at production sites.
Mårten Lunde, CEO of H2Carrier, emphasized that the collaboration aims to meet the rising demand for green ammonia, a clean fuel and energy carrier, while also supporting industrial decarbonization in sectors such as shipping, agriculture, and heavy industries.
He added that the partnership will explore opportunities for floating production solutions, offering both economic and environmental benefits to regions striving for sustainable energy development.
The initiative to produce floating hydrogen in India and Sri Lanka could help address several key challenges, including providing access to renewable energy sources like wind and solar, overcoming land constraints in densely populated areas, and leveraging export potential via major shipping routes.
The Norwegian and Indian companies will soon begin conducting feasibility studies and work on securing financing for the project’s deployment.
Sturle Harald Pederson, Chairman and CEO of GHI, stated, “This MOU aligns with our commitment to accelerate the transition to clean energy by delivering scalable, sustainable green hydrogen and ammonia solutions.”
He further highlighted that H2Carrier’s P2XFloater technology—the world’s first floating green ammonia production facility—offers a cost-effective and flexible approach to large-scale green hydrogen and ammonia production using renewable energy sources.
In a related move, last April, H2Carrier announced plans to explore projects in the Arctic region, including applications for licenses to build two onshore wind farms in Norway. These farms are intended to harness Arctic winds for green hydrogen and ammonia production.
