Adani New Industries Limited
Green Ammonia – Pivot for a Successful Clean Energy Transition

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2Adani: A World Class Infrastructure & Utility Portfolio
FlagshipIncubator

Infrastructure & Utility Core Portfolio
Energy & Utility

Transport & Logistics

Primary Industry

Emerging B2CMaterials, Metal &Mining

Direct to consumer(69.2%)(57.8%)(71.6%)(61.0%)(100%)(63.2%)AEL

AGEL
Renewables

AESL
T&D

APSEZ
Ports & Logistics

NQXT1

Cement 4(37.4%)(75.0%)(100%)(44.0%)ATGL2
Gas Discom

APL
IPP

PVCAWL
Food FMCG(100%)

Copper, Aluminum(100%)(50%)(100%)(100%)(100%)(100%)ANIL
New Industries

AdaniConneX3

AAHL
Airports

ARTLRoads

Mining Services &Commercial Mining

ADLDigital

Data Centre(%): Promoter equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries

Adani Portfolio’s
Listed Entities

A multi-decade story of high growth centered around infrastructure & utility core
1. NQXT: North Queensland Export Terminal | 2. ATGL: Adani Total Gas Ltd, JV with Total Energies | 3. Data center, JV with EdgeConnex, AEL: Adani Enterprises Limited; APSEZ: Adani Ports and Special Economic ZoneLimited; ATL: Adani Transmission Limited; T&D: Transmission & Distribution; APL: Adani Power Limited; AGEL: Adani Green Energ y Limited; AAHL: Adani Airport Holdings Limited; ARTL: Adani Roads TransportLimited; ANIL: Adani New Industries Limited; AWL: Adani Wilmar Limited; ADL: Adani Digital Limited; IPP: Independent Power Pr oducer
4. Cement business includes 63.15% stake in Ambuja Cement which in turn owns 50.05% in ACC Limited. Adani directly owns 6.64% stake in ACC Limited3

Adani New Industries Limited (ANIL): Introduction
What it takes to win123

How we are delivering it− Input power cost accounts for ~70% of cost ofGreen Hydrogen− Economies of scale to facilitate lowest per unit
cost infrastructure such as pipelines

Large scale with high quality resources− Investment of USD 50 bn over next decadein Green H2 ecosystem− Securing ~ 50GW equivalent wind and solar
land for RE production

End-to-end supply chain and resource control

Mine to module manufacturing ecosystem− Execution Risk mitigated by full integration ofsupply chain− Tighter control on cost and resources− All key components of Green H2 projects
within ANIL – Solar, wind, electrolyzers

Competitive cost Green Electron

New Industries

Integrated Green H2 ecosystem− Integrated development across the value chain –pipelines/transport options, storage facilities, port
facilities and terminals

Leveraging broader Adani ecosystem – RE,Ports, Logistics, Gas− Green H2 consumption and industrial hub at
Mundra, Gujarat− Plug and play infrastructure at Mundra alongwith potential off-takers

Designed to excel in the Green H2 market4

ANIL: Business Segments
Adani New Industries Limited

Capacities being
ramped up

Supply Chain Products Manufacturing− Manufacture key components andmaterials for RE projects

Integrated RE and H2 Electrolyser
Projects− Independent P&L for eachmanufacturing entity.

− RE generation to power H2electrolyser

Solar – MG and Polysilicon

Solar – Ingot, wafer, cell, modules
Wind Turbine Generators
Electrolysers

Downstream Products

Green Hydrogen Generation− Part of H2 will go into downstream
products

Large scale downstream projects− Focus on Ammonia, urea, methanol /ethanol− Largely established technology /projects− Carbon capture as an enabler− Anchor site in Gujarat near Mundra; 12 additional Indian sites− Storage of Hydrogen

High quality resources deployed at scale

Well integrated with Adani ecosystem

Battery & Fuel cells

End to end supply chain control

Implementing 1 MMTPA of Green Hydrogen by 2030

5

Ecosystem: The largest integrated Green Hydrogen Hub in the world
at Mundra SEZ
Full suite of Hydrogenofferings …

… For multiple end uses including substantial captive
use in Adani Portfolio businesses …
1RE capacity
directlyconnected~50 GW

Green Hydrogen

Upto 2.5
MMTPA

5Green Fertilizers

Steel, Petrochemicals

26

Fuel cell mobility at
Mundra & other ports

Exports as ammonia
Green Ammonia

Upto 7.5
MMTPA

Green Methanol

Upto ~1.7
MMTPA

HydrogenCompression &Storage

Supports 1.5
MMTPA
ecosystem

Other
technologies (LH2,LOHC)

Available as
requiredMundraGreen
Hydrogen
Hub7

3

Marine Mobility(Ammonia, Methanol)

4… And backed by credible
action on groundLong haul & heavy
Trucking (Methanolfor diesel blending)

Polysilicon, CGD,
Edible oil & other
Small scale users of H28Power generation- Cofiring

Only Hydrogen Hub developedby a player with− Renewable and Port
infrastructure expertise− Downstream demand
Backed by ongoinginvestments− Integrated RE component
manufacturing− MOU for integrated Green
Steel plant
Enabling infrastructure inplace− Logistics network to North
India hinterland− Handling of Methanol /fuels, RE and power− Demand from edible oil

RE: Renewable Energy; PVC: Polyvinyl chloride; MMTPA: Million Metric Tons Per Annum; LH2: Liquid Hydrogen; LOHC: Liquid Organic Hydrogen Carrier; CGD: City Gas Distribution; KMTPA: Kilo Metric Tons Per Annum; GW:
Gigawatt; MOU: Memorandum of Understanding; SEZ: Special Economic Zone

6

Green Ammonia – the bedrock for a successful energy transition
Promising energy density
amongst clean fuels

End-use Applications
Existing
Sectors

Power
Generation

Bunkering

Safety Track Record

Existing Supply Chain

Description

Timelines▪ Fertilizer is the largest end-use sector, accounting for ~85% of theexisting total demand▪ Green Ammonia can displace
phosphates, nitrates, etc.

incumbentsectors

suchas▪ Retrofitting of existing coal power plants to enable co-firing withammonia▪ Pathway to provide clean base load power▪ As an alternative marine fuel - will transform maritime sector

Immediate readiness

Implementable byFY 2027

Future usage▪ Most optimum way for Hydrogen transportation and Storage
HydrogenCarrier▪ Higher boiling temperature than hydrogen (-33°C against -253°C),
which makes liquefaction and transportation easier.

Immediate readiness

7

ANIL: 1st Project of 1 MMTPA Green Ammonia
Hybrid RE
Generation▪ ~3.8 GW+
Renewable
Energy▪ Location – North
Gujarat, India

Transmission Line▪ Grid
connected1Electrolyzer forGreen H2 production▪ Up to ~ 3.5 GW
Electrolyzer
capacity▪ Location –Mundra(Gujarat)

Green H2 Compression &Storage2

Green Ammonia &Storage2▪ ~ 180 KTPA
Green Hydrogen(H2) production▪ 1 MMTPA GreenAmmonia
capacity▪ Air separation
Unit (ASU) forNitrogengeneration

Green Ammonia
Export▪ Export to Japan▪ Development ofAmmonia jetty
at Mundra port

Particulars

Highlights

Land− Land allocation process under final stages (equivalent to ~ 2 MMTPA Green Hydrogen)Feasibility Study− Leading Global Engineering company

Carbon Emissions− Complying with International Standards

First Drop of Ammonia− By H1 (first half) of CY 2027

1 CTU grid will be utilized
2 Exact capacity to be finalized post FS8Ammonia Co-firing Pilot in Mundra Thermal Power Plant

Clean Energy Transition utilizing breakthrough technology from JapanLocation

Unit 1 – 330 MW, Mundra Thermal (Coal) Power Plant▪

Description▪
▪

Feasibility study on potential modification in Mundra Power
Plant to achieve 20% liquid ammonia co-firing
Phase 1 and Phase 2 is supported by Japanese Government
Agency NEDO
MoU between Adani, Kowa Company and IHI Corp.

Phase

Description

End DateStatus

Phase 1

Technical Evaluation

Phase 2Co-firing Combustion Test &FEED

Q1 – 2024

Underway

Plan:
Phase 3

Construction & Demonstration

Plan: 2027

Plan: 2024 – 2027

Successfully Completed

20% Ammonia co-firing expected to reduce ~ 400,000 tons of CO2 emissions per annum1
1: Estimated in initial study

9Thank You