Inox Air Products on Tuesday (16th Jan 2024) said it has signed an MoU with the Maharashtra government here for setting up the state's first Green Ammonia Plant with a capacity of 500,000 MTPA and a planned outlay of USD 3 billion.

* The project is aimed to be commissioned in a 3-5 years timeline, the company said in a statement.

* The plant would produce Liquid Ammonia, which would be a climate-neutral Hydrogen carrier.

* The MoU was signed here at the Maharashtra pavilion which the state has set up to promote Maharashtra as an investment decision at the World Economic Forum Annual Meeting.

* Those present included Maharashtra Chief Minister Eknath Shinde, Industries Minister Uday Samant, Principal Secretary, Industries and Mining Harshdeep Kamble, and Siddharth Jain, Promoter and Director, INOX Group.