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

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 4^th 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/.

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** 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

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

BENGALURU, India, Sept. 19, 2024 /PRNewswire/ -- Sheaffer has launched its new collection, called the Sheaffer Coffee Edition, its latest in highlighting the intrinsic bond that exists between two time-honoured passions. Founded in 1913 by Walter A. Sheaffer, the brand has been synonymous for innovation and quality craftsmanship in writing instruments. The addition of this latest collection is an attempt at toasting the eternal relationship between writing and coffee, a pairing long known to have inspired creativity for generations.

The Sheaffer Coffee Edition consists of two distinct sets of pens, each designed to embody the spirit of coffee culture. The first, the Sheaffer 100 Coffee Edition, features a robust color palette for those who prefer a strong cup of coffee. The second, the Sheaffer VFM Coffee Edition, offers a more subdued design for enthusiasts of lighter brews.

Every detail of the Coffee Edition pens has been meticulously crafted to reflect the essence of coffee. The high-quality brown nibs and the ombre body design are inspired by the swirling patterns found in a cup of coffee. Additionally, each pen prominently displays a signature motif, allowing for personal expression.

Accompanying the launch is a creative reimagining of the product packaging, which features the thematic message #TheWriteKindOfCoffee. This new design enhances the unboxing experience, reinforcing the connection between writing and coffee for consumers.

"For years now, coffee has been inspiring people to write, and this in turn inspired us to come up with a Sheaffer Coffee Edition pen, to celebrate this immortal bond. Meticulously crafted, this collection honours the enduring appeal of analog while embracing innovation. The two variants, inspired by different coffee roasts, reflect our commitment to personal preferences. As we continue to push boundaries, Sheaffer's legacy of excellence remains our guiding principle." — Nikhil Ranjan, Managing Director, Sheaffer.

The Sheaffer Coffee Edition aims to appeal not only to pen enthusiasts but also to coffee lovers, offering a unique opportunity to merge these two passions. As writers seek inspiration in their daily rituals, the Coffee Edition promises to provide a perfect blend of functionality and style.

For more details, please visit:
Website | Instagram

For further information, contact:
Mr. Tim Williams
info@sheaffer.com

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

Sheaffer Coffee Edition Launched, Unveiling the Connection Between Writing and Coffee