GURUGRAM, India, Nov. 26, 2024 /PRNewswire/ -- Hygenco Green Energies, a pioneer in low-cost green hydrogen production, has announced a partnership with Denmark-based Topsoe, a leading global technology provider for the energy transition, as the licensor for its green ammonia plant in Gopalpur, Odisha.
Hygenco intends to establish a large-scale green ammonia project at the Gopalpur Industrial Park, with the goal of having the plant operational by 2027, one of the first in the sub-continent. Earlier in 2024, Hygenco had commissioned India's first commercial green hydrogen plant.
Speaking on the technology license partnership, Amit Bansal, Co-Founder and CEO of Hygenco, said, "As the world seeks innovative solutions to tackle pressing environmental and energy challenges, Hygenco is making significant progress in advancing the energy transition and decarbonization. We are excited to leverage the cutting-edge technology of a global leader like Topsoe to scale-up green ammonia production effectively."
Just last month, Hygenco entered into an MOU with REC, a Government of India undertaking, for US$280 million debt financing towards its Green Ammonia project development.
Ammonia technology is a key milestone for the mega ammonia project and Hygenco will utilize Topsoe's advanced dynamic green ammonia loop technology, enabling flexible and efficient operations while optimizing overall performance.
Elena Scaltritti, Chief Commercial Officer at Topsoe, said: "We look forward to working with Hygenco on this great project, as green ammonia plays a critical role in reducing greenhouse emissions from energy-intensive industries and long-distance transportation. On a global level, we need to deploy decarbonization at scale, and Hygenco's project will be able to deliver a solid contribution."
Hygenco, a leader in the green hydrogen and green ammonia sector, has entered into strategic collaborations with several companies in India and globally to supply green hydrogen and green ammonia.
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 the Hon'ble Union Minister of Civil Aviation and Steel of India earlier this year. Hygenco is looking to invest $2.5 billion over 3 years to set up Green Hydrogen projects in India.
To know more, visit www.hygenco.in
For any queries, please contact:
Akshay Mohan, Deputy General Manager, Business Development, Hygenco I +91 9515406903 I akshay.mohan@hygenco.in
Viraj Desai, Lead- Media and Communications, Hygenco I +91 9560042277 I Viraj.desai@hygenco.in
About Topsoe
Topsoe is a leading global provider of technology and solutions for the energy transition. We combat climate change by helping our customers and partners achieve their decarbonization and emission reduction goals. 
Topsoe was founded in 1940 and are headquartered in Denmark, with over 2,800 employees serving customers all around the globe. To learn more, visit www.topsoe.com.
For more information, please contact:
Ulrik Frøhlke, Media Relations Manager
Phone: +45 27 77 99 68
Mail: ulfr@topsoe.com
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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Hygenco selects Danish company Topsoe as Licensor for its Green Ammonia Plant
Second Year of Support for Women Entrepreneurs Driving Positive Change
MELBOURNE, Australia, Nov. 26, 2024 /PRNewswire/ -- LIFTWOMEN®, the global platform empowering female entrepreneurs, is thrilled to announce the return of its LiftHER Female Founders Grant Challenge, supported once again by AsiaPay Capital. This year, AsiaPay's continued sponsorship amplifies its commitment to fostering innovation and inclusion, with A$40K in prizes for finalists and winners. Following the success of last year's inaugural challenge—which received over 300 applications from five APAC regions—the LiftHER initiative remains dedicated to supporting women-led ventures that drive positive social and environmental impact.
The previous LiftHER cohort celebrated diverse founders from Australia, Vietnam, Hong Kong SAR, Indonesia, and the Philippines, showcasing businesses across MedTech, sustainable consumer products, and digital platforms. These finalists have not only made strides in their industries but have collectively engaged audiences of over 500,000 across social media and earned coverage in major media outlets, including Forbes, CNN, and LinkedIn Top Voice.
In 2024, nine finalists will again be selected to participate in an intensive 8-week business and crowdfunding coaching program. Last year's winners included OVUM (Australia), an AI-driven women's health assistant, La Foundary (Australia), which transforms waste into biomaterials, and Urban Farmer TV (Philippines), dubbed the "Netflix for urban gardening."
Irene Tsang, Founder and CEO of LIFTWOMEN®, emphasised the vital role that AsiaPay's support plays in sustaining the challenge and uplifting these visionary founders. "AsiaPay's partnership is instrumental in ensuring that female founders have access to resources that are often out of reach," said Tsang. "Their commitment goes beyond sponsorship; it is a powerful affirmation that women-led ventures are key to creating a sustainable and inclusive future. The LiftHER Grant Challenge is more than just a competition—it's a platform to break down systemic funding barriers, empowering women to lead impactful change."
Joseph Chan, CEO of AsiaPay Capital, added, "AsiaPay Capital is honoured to support LIFTWOMEN® again this year, backing a program that aligns with our values of innovation and inclusive growth. The quality of last year's applicants was inspiring, and we look forward to seeing new ideas that merge technology, sustainability, and gender equality to shape the future of business in Asia."
Applications for the LiftHER Grant Challenge opened on 11 November 2024 and will close on 3 January 2025. Finalists will be announced in late January and will start their journey with international mentors in February, leading up to the Pitch Night in April 2025, where A$40,000 in grant funding will be awarded across four categories: Sustainable Future, Innovation & Impact, Digital Commerce, and People's Choice.
For more information about the LiftHER Female Founders Grant Challenge or to apply, please visit: https://www.lifther.liftwomen.com/
About LIFTWOMEN®
LIFTWOMEN® Group, founded in 2021 by Irene Tsang, is a global start-and-scale platform for women-led businesses. Designed to bridge the gender funding gap, the platform provides female entrepreneurs with equity-free and debt-free capital, along with the tools, mentorship, and community support they need to succeed. With operations across Australia and Asia, LIFTWOMEN®'s mission is to foster financial inclusion, promote sustainable business growth, and empower women to achieve financial independence.
https://www.liftwomen.com/
About AsiaPay Capital
AsiaPay Capital, an incubation arm of the AsiaPay Group, a leading digital payment player in Asia, strives to accelerate the growth of startups in the new economy and digital sectors in Asia. Through financial backing, local operational resources and facility access, mentorship, and innovation synergy, investees benefit from a streamlined pathway to expand and grow. AsiaPay Capital offers startups a comprehensive range of advanced payment solutions, and gain access to a broad capital, client and partner base, ensuring a faster and more secure regional expansion in Asia.
https://www.asiapaycapital.com/
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
AsiaPay Champions Women-Led Ventures Across APAC with A$40K in Prizes
