Adani Group joins hands with WEF to lead global decarbonisation efforts

Three companies from the Adani Group —Adani Enterprises Ltd (AEL) via its subsidiary Adani New Industries Ltd, Adani Ports and Special Economic Zone Ltd (APSEZ), and Ambuja Cements Ltd—have joined the World Economic Forum’s (WEF) ‘Transitioning Industrial Clusters’ initiative. This collaboration forms the Adani Mundra Cluster, aimed at driving economic growth, job creation, and decarbonization by 2050.

Since its establishment in 1993, the Mundra port has transformed into India’s largest port and a vibrant industrial cluster. It now serves as a hub for various sectors, including advanced solar module and wind turbine manufacturing, alongside cement production—a sector noted for its challenges in reducing carbon emissions.

APSEZ has set an ambitious target to power all port operations with renewable energy by 2025, aiming for net-zero emissions by 2040. Meanwhile, Ambuja Cements is developing a facility in Mundra that strives to be the lowest-emission cement production site globally, with a target to achieve net-zero emissions by 2050.

The Adani Mundra Cluster is poised to become one of the world’s largest integrated green hydrogen hubs, with plans to produce 1 Million Metric Tonnes Per Annum (MMTPA) of green hydrogen by 2030 and expand this capacity to 3 MMTPA by 2040. This endeavor will include a fully integrated supply chain featuring 10 GW of solar modules, 5 GW of wind turbines, and 5 GW of electrolyser manufacturing capacity, supplemented by the necessary port infrastructure. Additionally, production facilities for green hydrogen derivatives, such as ammonia, will bolster the cluster’s role in the green energy transition.

Karan Adani, Managing Director of APSEZ and Director of Ambuja Cements, expressed enthusiasm about joining the WEF initiative. “By collaborating with global industry peers and experts, the Adani Mundra Cluster aims to pioneer innovative strategies for decarbonization,” he stated. “This initiative is crucial for decarbonizing hard-to-abate sectors in India and reducing the country’s reliance on energy imports.”

The World Economic Forum has been instrumental in facilitating collaboration among key stakeholders within the cluster. It supports strategic meetings and in-country workshops that aim to enhance the economic, employment, and decarbonization strategies of participating clusters.

Roberto Bocca, Head of the Centre for Energy and Materials at the WEF, welcomed the Adani Mundra Cluster as a vital addition to the international community of 23 industrial clusters. He highlighted the cluster’s potential, stating, “By leveraging Gujarat’s renewable energy capabilities, the cluster is on track to become a leading green hydrogen hub in South Asia.”

Adani New Industries Ltd (ANIL) aims to emerge as the world’s largest fully integrated green hydrogen player, engaging in all aspects of the value chain—from renewable energy equipment manufacturing to large-scale green hydrogen production and downstream derivatives.

Adani Ports and Special Economic Zone Ltd (APSEZ) is India’s foremost commercial port operator, managing nearly 25% of the nation’s cargo movement. The port is equipped with cutting-edge cargo-handling facilities, allowing it to accommodate the largest vessels visiting Indian ports.

Ambuja Cements Ltd stands as one of India’s leading cement producers and is part of the Adani Group , which boasts a diverse and rapidly growing portfolio of sustainable enterprises.

Supported by Accenture and EPRI, the WEF’s initiative is designed to unlock the economic, employment, and energy potential of industrial clusters. By implementing a structured approach to financing, policy-making, technology, and partnerships, the initiative aims to enhance cooperation and forge a unified vision for energy transition, job creation, and growth.