Bergen/Oslo – Greenstat Hydrogen India (GHI), a leading developer of green hydrogen and its derivatives, and H2Carrier, a pioneer in floating green ammonia production solutions, are pleased to announce the signing of a Memorandum of Understanding (MoU) to accelerate the development and deployment of green hydrogen and ammonia projects located in India and Sri Lanka.

Under the MoU, GHI and H2Carrier will collaborate on project identification, feasibility studies, and the implementation of green hydrogen and ammonia production facilities, with a particular focus on leveraging H2Carrier's innovative P2XFloater™ technology for floating production solutions.

“We are excited to partner with H2Carrier in this transformative collaboration,” said Sturle Harald Pedersen, Chairman/CEO of GHI “This MoU aligns perfectly with our commitment to drive the transition to clean energy and deliver sustainable, scalable green hydrogen and ammonia solutions. H2Carrier’s P2XFloater™ technology, the world’s first floating green ammonia production facility, enables the production of green hydrogen and ammonia using renewable energy sources, providing a cost-effective and flexible solution for large-scale production and export”.

“H2Carrier is looking forward to collaborating with GHI to promote and expand green ammonia solutions in these key markets,” said the company’s CEO Mårten Lunde. “This partnership will identify opportunities to implement floating production solutions that bring both economic and environmental benefits to regions aiming for sustainable energy development. The collaboration between GHI and H2Carrier aims to address the growing demand for green ammonia as a clean fuel and energy carrier while supporting industrial decarbonization in sectors such as shipping, agriculture and heavy industries”.

Key objectives of the MoU include:

Joint identification and development of green hydrogen and ammonia projects in India and Sri Lanka
Exploring opportunities to implement H2Carrier’s floating production technologies
Feasibility studies and partnerships for project financing and deployment
Supporting the global energy transition through scalable and sustainable solutions

About Greenstat Hydrogen India (GHI):

Greenstat Hydrogen India (GHI) is a leading company focused on the development of green hydrogen and its derivatives in Asia and ME. GHI plays a vital role in delivering innovative, sustainable energy solutions to support decarbonization across industries and contribute to a cleaner future. GHI was established I n 2020 by Greenstat ASA which is a Norwegian green energy company that develops and owns its own projects and invests in external companies that contribute to zero-emission solutions and create green value. Greenstat ASA is today part of FDE( Française De l’Énergie) is a multi-energies producer, which offers low carbon footprint solutions.

About H2Carrier:

H2Carrier is a leading provider of floating green ammonia production technology through its P2XFloater™ solution. H2Carrier delivers cost-effective and scalable solutions for green hydrogen and ammonia production and distribution worldwide.

Explore the Latest Updates Transforming the Hydrogen and Fuel Cell Industry at FCW

Saudi’s NEOM Green Hydrogen Signs Credit Facility Deals for $5bln Green Hydrogen Project