Driven by mega investment proposals from Tata Power, Adani group, Singapore s Sembcorp Industries and Leap Green Energy, among others, the two-day Global Investors Meet 2024 in Tamil Nadu is expecting an infusion of around Rs 6.64 trillion.
This is likely to create around 2.69 million direct and indirect jobs in the state. Due to our tireless efforts and your participation during this Global Investors Meet, we have attracted an unprecedented Rs 6.64 trillion of investments.
SINGAPORE: Singapore’s Sembcorp Industries says its green hydrogen unit is partnering with two Japanese firms to supply green ammonia produced in India to Japan, as the company moves to strengthen its position as a major green energy supplier.
"With green ammonia as a critical energy source to decarbonise Japan s power supply mix, the partnership will support the (Japanese) government s goal to achieve net zero by 2050," the firm, backed by state-owned investor Temasek Holdings, said in a statement. Last month, Sembcorp had said it would invest about S$10.5 billion ($7.88 billion), or about 75% of its total investments in 2024-2028, to support renewables growth as it aimed to halve carbon emissions by 2028.
Sembcorp Green Hydrogen Pte, has signed a memorandum of understanding with Japanese conglomerate Sojitz Corp and energy major Kyushu Electric Power for potential opportunities for green ammonia production, Sembcorp said on Monday.
Amidst the challenging environment, strategic investors from the likes of Thailand, Singapore, Japan, and South Korea continue to dominate merger and acquisition transactions in Vietnam.