Avaada Group & Gopalpur Port ink pact to set up green ammonia storage unit in Odisha

MUMBAI : Avaada Group recently announced signing of a memorandum of understanding (MoU) with Gopalpur Port Ltd to set up a green ammonia storage facility in Odisha, during the recently held Global Maritime India Summit 2023 at Mumbai. The company, however, did not disclose the capacity and the investment involved in the proposed project.

“This strategic alliance aims to establish a cutting-edge storage facility dedicated to storing green ammonia at the Gopalpur port, marking a pivotal moment in the journey towards greener future,” Avaada Group said in a statement.

Last month, the Group signed an MoU with Tata Steel Special Economic Zone Ltd to establish a green ammonia manufacturing facility within the Special Economic Zone.