The Italian firm, Snam, has collaborated with the Adani Group to explore the hydrogen value chain in India and global markets. Besides, the two firms will also look at the development of biogas, biomethane, and low-carbon mobility. Snam, has the largest gas pipeline network in Europe and plans to invest €6.5 billion in new energy transition businesses.
The two firms have also signed a non-binding deal to create a joint venture to set up a compressed natural gas compressors manufacturing unit. The step is in line with the Central government’s vision to increase the usage of natural gas and promotes the development of refuelling infrastructure for sustainable mobility.
Greenko has also tied up with Snam to set up a 50-50 JV to develop green hydrogen business in India for use in industry and transport.