APM Terminals Pipavav has entered into a number of agreements to develop a green hydrogen ecosystem and related port infrastructure. Green hydrogen is a sustainable, renewable energy source produced from water which can be used in industrial processes to replace fossil fuels in transport and as energy storage to replace batteries.
The recent MoUs signed by APM Terminals with NTPC and Welspun pull together a consortium of local and international partners to enable the production, transportation by ship, storage, transshipment and distribution of hydrogen. This is expected to generate significant volumes at APM Terminals Pipavav, bringing associated economic benefits to the region. A third MoU signed with the Gujarat Maritime Board will help facilitate permissions for the construction of a liquid berth and marine infrastructure development at the port of Pipavav.
Together with a new container berth, and back-up yard and associated container handling equipment, the investment being made at Pipavav is € 365 million, APM Terminals states.