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Hygenco enters into MOU with REC to finance Green Ammonia Project in Gopalpur, Odisha

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Hygenco enters into MOU with REC to finance Green Ammonia Project in Gopalpur, Odisha
Business

Business

Hygenco enters into MOU with REC to finance Green Ammonia Project in Gopalpur, Odisha

2024-09-18 09:00 Last Updated At:09:15

GURUGRAM, India and AHMEDABAD, India, Sept. 18, 2024 /PRNewswire/ -- Hygenco Green Energies Pvt Ltd, a pioneer in producing low-cost green hydrogen, announced entering into a MOU with REC Limited (earlier Rural Electrification Corporation limited) for financing Hygenco's Green Ammonia Project in Gopalpur, Odisha. The MOU was formalized during the 4th Global Re-Invest held in Gandhinagar, Gujarat.

The company's Green Ammonia Project is part of its broader vision to reduce carbon emissions. Under the MOU, REC will fund upto $280 million for the project, even as Hygenco is planning to invest about US$2.5 billion towards its green hydrogen and green ammonia projects across India in the next few years.

Amit Bansal, Co-Founder and CEO of Hygenco, said, "We are committed to energy security and aligning with the Indian government's vision of Aatmanirbhar Bharat. Our projects will help reduce carbon emissions and pave the way for a sustainable future."

Hygenco has already made a name for itself in the green hydrogen space. In March 2024, Hygenco commissioned India's first commercial green hydrogen plant in Hisar, Haryana. In 2022, Hygenco had signed India's first-ever commercial long-term offtake agreement of green hydrogen for the Hisar based project with Jindal Stainless. The developer has also signed agreements with major companies including Sterlite Technologies to supply green hydrogen.

Hygenco's goal is to become a global leader in green hydrogen and green ammonia solutions.

Hygenco's success is a significant step towards reducing India's carbon footprint. Their projects will help decarbonize industries that are difficult to abate, such as steel and chemical. This will contribute to India's climate goals and help create a sustainable future.

About Hygenco:

Headquartered in Gurgaon, India, Hygenco develops and deploys scaled-up commercially attractive green hydrogen and green ammonia assets. Hygenco, which has deep capabilities in designing, building, and operating Green Hydrogen projects, has commissioned India's first Green Hydrogen project in Hisar which was inaugurated by Union Minister of Civil Aviation and Steel earlier this year. Hygenco is looking to invest $2.5 billion over 3 years to set up Green Hydrogen projects in India.

For more information on Hygenco, please visit https://www.hygenco.in/.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Hygenco enters into MOU with REC to finance Green Ammonia Project in Gopalpur, Odisha

Hygenco enters into MOU with REC to finance Green Ammonia Project in Gopalpur, Odisha

LOS ANGELES, Sept. 19, 2024 /PRNewswire/ -- Celebrity fashion stylist Jazmin Whitley has partnered with Azazie, the leading direct-to-consumer (DTC) e-tailer for all things bridal and occasion wear, to unveil a curated Fall '24 fashion edit. The collection features an array of party-perfect and bridal-party looks from Azazie's latest collections, hand-picked by Whitely, ideal for the upcoming season.

Azazie hosted an intimate, candle-lit dinner at the Azazie Studio in Beverly Hills on September 17th to celebrate the launch of the exclusive edit. The chic evening featured gourmet sushi catered by Katsuya and cocktails crafted by Spritzy Bartender.

Jazmin Whitley was joined by 16 of her closest influencer friends and clients for the celebration, all adorned in Azazie dresses, including notable names like Cassie Randolph, Tabitha SwatoshInas X, Elliana Walmsley, Sonya Styles, and Hollywood Reporter's Tiffany Taylor. The gathering embodied the essence of the new collection – a mix of elegance, fun, and fashion-forward looks, perfect for the modern party-goer and bridal party.

The Azazie x Jazmin Whitely Fall '24 edit is now available for purchase exclusively on Azazie's website, www.azazie.com

About Azazie:

Azazie is the leading DTC e-tailer for bridal gowns, bridesmaid dresses, special occasion wear, and accessories, offering high-quality gowns at affordable prices. Based in the tech capital of Silicon Valley, Azazie is disrupting the traditional bridal industry while garnering high ratings from customers and review sites alike. With 200+ bridal gowns and 400+ bridal party dresses in over 80 colors, Azazie is committed to body-positive fashion, offering all dresses from size 0-30, cut and sewn to order like expensive bespoke designs.  Visit the website at  www.azazie.com.

About Jazmin Whitely:

Jazmin Whitley is a fashion designer and celebrity wardrobe stylist that has been in the fashion industry for 15 years. She began in fashion design and has ten ready to wear collections under her belt.  She has styled everything from A-list red carpet events, music videos, award shows, book covers, magazine covers, editorials, fashion shows, to personal events like weddings, birthday events, and special occasions. Her expertise in style, trends, and personal expression thought the art of fashion comes from years of fashion design. Jazmin Whitley has dressed the top creators of both TV and social media. Her clients have been seen on many a best dressed list!

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Celebrity Fashion Stylist Jazmin Whitley Teams Up with Azazie to Launch Curated Fall '24 Edit

Celebrity Fashion Stylist Jazmin Whitley Teams Up with Azazie to Launch Curated Fall '24 Edit

Celebrity Fashion Stylist Jazmin Whitley Teams Up with Azazie to Launch Curated Fall '24 Edit

Celebrity Fashion Stylist Jazmin Whitley Teams Up with Azazie to Launch Curated Fall '24 Edit

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