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Construction and engineering major Larsen & Toubro (L&T) on Friday (13 January) signed a Memorandum of Understanding (MoU) with the Norway-based H2Carrier (H2C) to develop floating green hydrogen and green ammonia projects.

H2C has expertise in developing and integrating Power-to-X (PtX) projects based on affordable, often stranded, non-commercial renewable power.

Under the terms of the MoU, L&T will become a partner for Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) of the topsides for H2C’s floating process plants.

H2C plans to build the P2XFloater hull at yards in Asia, and L&T will design and fabricate the topside process and utility modules to produce green hydrogen and green ammonia, including electrolysers, nitrogen generation plant, and ammonia synthesis unit.

Installation of the topsides modules on the hull and its integration can be customised as per location preferences, i.e., can be carried out in India or in other geographies, L&T said in a statement on Friday.

Subramanian Sarma, whole-time director and senior executive Vice President (Energy) at L&T said, "We are delighted to collaborate with H2C on their unique and novel P2XFloater™ design and we strongly believe that L&T, with its globally recognised expertise in Ammonia and Hydrogen production as well as vast experience in design & fabrication of complex process modules, is poised to be the ideal partner for H2C in this venture".

H2C CEO Marten Lunde said, "Our P2XFloater™ design represents a solution which addresses a number of concerns for renewable energy projects: costs, time, use of land and environmental footprint, lengthy planning and regulation processes etc. By teaming up with L&T, we have taken a significant step towards creating an optimal supply chain for delivering P2XFloaters™ on a large scale to projects anywhere in the world".

"We are excited by the markets' response to our P2XFloater™, and through the collaboration with L&T, we are confident of being able to establish a high and reliable production capacity to serve our global customers," Lunde added.