Now this French company has given a big blow to Adani group, ban on $ 50 billion joint hydrogen project

French firm Complete Energies mentioned in a press release on Wednesday that it has stopped its $ 50 billion joint hydrogen mission with Adani Group in the meanwhile. It’s value noting that Complete Energies is without doubt one of the largest overseas traders within the Adani group. Complete Energies and Adani Group are working collectively on the hydrogen mission. Its price is 50 billion {dollars}. After the cease of this mission, it may be estimated that how massive a blow it’s for the Adani group.

As per the announcement of the joint hydrogen mission in June 2022, Complete Energies was additionally to choose up a 25 per cent stake in Adani New Industries Restricted, an Adani group firm. The agency is making main investments within the area of inexperienced hydrogen over the following 10 years. With this funding, the group anticipates producing 1 billion tonnes of inexperienced hydrogen earlier than 2030.