Three companies from the Adani Group—Adani Enterprises Ltd (AEL), Adani Ports and Special Economic Zone Ltd (APSEZ), and Ambuja Cements Ltd—have announced their participation in the World Economic Forum’s ‘Transitioning Industrial Clusters’ initiative. This collaboration aims to foster economic growth, generate employment, and accelerate decarbonization efforts by 2050 within the newly formed Adani Mundra Cluster.
Since its establishment in 1993, Mundra Port has evolved into India’s largest port and a thriving industrial hub. It now accommodates diverse industries, including advanced solar module and wind turbine manufacturing, as well as cement production, which faces significant decarbonization challenges.
APSEZ has committed to transitioning all its port operations to renewable electricity by 2025, aiming for net-zero emissions by 2040. Meanwhile, Ambuja Cements is working to establish the lowest-emission cement production facility globally at its upcoming Mundra unit, with a goal of achieving net-zero by 2050.
A significant focus of the Adani Mundra Cluster is its plan to become one of the world’s largest integrated green hydrogen hubs. The cluster aims to produce 1 Million Metric Tonnes Per Annum (MMTPA) of green hydrogen by 2030, with expansion plans to reach 3 MMTPA by 2040. This initiative will be backed by a fully integrated value chain, including 10 GW of solar module capacity, 5 GW of wind turbine capacity, and 5 GW of electrolyser manufacturing, along with necessary port infrastructure. The cluster will also develop production facilities for green hydrogen derivatives, such as ammonia.
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Karan Adani, Managing Director of APSEZ and Director of Ambuja Cements, stated, “By joining the World Economic Forum’s initiative, we can collaborate with global industry peers and experts to pioneer innovative approaches toward decarbonization. The Adani Mundra Cluster aspires to lead in green hydrogen manufacturing and help decarbonize hard-to-abate sectors of the Indian economy.”
The World Economic Forum has been instrumental in facilitating collaboration among stakeholders in the industrial cluster, aiming to elevate strategies for economic growth and decarbonization through strategic meetings and workshops.
Roberto Bocca, Head of the Centre for Energy and Materials at the World Economic Forum, expressed enthusiasm about the new partnership, saying, “We are delighted to welcome the Adani Mundra Cluster as one of the first two clusters in India. By leveraging Gujarat’s renewable energy capacity, the cluster is poised to become a leading green hydrogen hub in South Asia. Within this community, Adani Mundra can exchange knowledge with other clusters and further advance the energy transition.”