Adani Group announced it has entered into a strategic collaboration with Italy's Snam that covers the exploration and development of Hydrogen value chain, biogas, biomethane and low-carbon mobility in India.

"Our multi-pronged partnership with Snam has several strategic nuances. The combination of Adani’s ability to provide the largest national energy platform and Snam’s broad technology expertise can be pivotal in helping India accelerate its sustainability journey,” Adani Group Chairman Gautam Adani said.

He added the ability to leverage scale and technology to produce 100 per cent green hydrogen using renewable energy is the most economical and cleanest way to serve a concentrated set of end users and industrial clusters.

"The ability to simultaneously decentralize and decarbonize energy production and be able to provide clean energy and cooking fuel to rural India is a national need that we must fulfill and technologies that can help economically produce biogas and biomethane are optimal choices," Adani said.

Parallely, Snam has also signed an agreement with renewable energy developer Greenko to collaborate for development of the Hydrogen value chain in India.

Snam CEO Marco Alvera said the two firms want to develop joint-projects in energy transition, from biomethane to hydrogen. "While Snam has been a strong proponent of hydrogen adoption in Europe, green hydrogen is a natural extension to the Adani Group’s ambitious renewable portfolio," he said.

The companies also announced the signing of a non-binding agreement between Snam and Adani Gas Limited -- a joint venture of Adani Group and Total of France -- to create a joint venture for setting-up a CNG compressors manufacturing facility in India. The move is expected to help promote the development of refueling infrastructure for sustainable mobility and fostering the use of natural gas.