European oil major TotalEnergies has acquired a 25% stake in a new hydrogen-focussed business arm of the Adani conglomerate, Adani New Industries Limited (ANIL), as the Indian industrial behemoth also committed to a massive $50 billion investment in a green hydrogen ecosystem through the subsidiary over the next ten years, it was announced on Tuesday.
TotalEnergies buys into Adani’s $50 bln hydrogen splurge as report urges massive uptake to meet Paris goals
European oil major TotalEnergies has acquired a 25% stake in a new hydrogen-focussed business arm of the Adani conglomerate, Adani New Industries Limited (ANIL), as the Indian industrial behemoth also committed to a massive $50 billion investment in a green hydrogen ecosystem through the subsidiary over the next ten years, it was announced on Tuesday.
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