L&T Energy GreenTech has signed a long-term agreement to supply 300,000 tonnes of green ammonia annually to Japan’s ITOCHU from its upcoming facility in Kandla, India. The partnership specifically targets the decarbonization of the maritime sector, using the offtake to fuel ITOCHU’s green bunkering operations in Singapore and along global trade routes.
Mumbai, Tokyo | April 22, 2026 – In a move that significantly accelerates the maritime industry’s transition to zero-carbon fuels, L&T Energy GreenTech Ltd (LTEGL) and Japan’s ITOCHU Corporation have signed a definitive long-term partnership for the supply of green ammonia.
The agreement, structured on a captive long-term take-or-pay basis, will see LTEGL, a subsidiary of Indian engineering giant Larsen & Toubro, supply 300,000 tonnes per annum (TPA) of green ammonia to ITOCHU from its upcoming production facility in Kandla, Gujarat.
From Development to Demand
This partnership marks a critical evolution from the Joint Development Agreement (JDA) signed by the two firms in July 2025. By moving from joint planning to a concrete offtake agreement, the companies have established a “bankable” foundation for one of the world’s most ambitious green energy value chains.
The signing ceremony held at ITOCHU’s Tokyo headquarters featured the highest levels of leadership from both firms, including:
- S N Subrahmanyan, Chairman & MD of L&T
- Masahiro Okafuji, Chairman & CEO of ITOCHU Corporation
- Derek M Shah, CEO & MD of LTEGL
- Hiroyuki Tsubai, EVP of ITOCHU Corporation
Powering the Singapore Bunkering Hub
For the maritime sector, the most significant aspect of this deal is the intended end-use. ITOCHU plans to utilize the green ammonia from Kandla to fuel its expanding green bunkering network, with a specific focus on Singapore, the world’s premier marine fuel hub.
As Singapore prepares for the arrival of ammonia-fueled vessels, this 300,000-tonne supply chain creates the “fuel security” necessary for shipowners to invest in next-generation engines.
“Establishing a reliable and scalable supply of green ammonia is critical to accelerating its adoption as marine fuel. Our partnership with LTEGL provides a strong and credible supply base, enabling us to expand our bunkering business.” said Hiroyuki Tsubai, President of Machinery Company, ITOCHU Corporation.
Kandla: India’s Strategic Export Gateway
The project aligns with India’s National Green Hydrogen Mission, which aims to position the country as a global powerhouse for green fuel exports. By leveraging Kandla’s strategic location, L&T is building a platform capable of scaling green hydrogen derivatives for international markets.
Subramanian Sarma, Deputy Managing Director & President of L&T, noted that securing a partner like ITOCHU strengthens the commercial viability of the project: “By securing long-term demand through a reputed global partner… we are strengthening the commercial foundation of our green ammonia platform, while contributing meaningfully to global decarbonisation.”
About ITOCHU Corporation
ITOCHU Corporation, as one of Japan’s premier sogo shosha (general trading companies), ITOCHU operates a vast global network across 61 countries. The firm excels in domestic and international trade across diverse sectors including machinery, energy, chemicals, and metals, while leading strategic investments to build a sustainable global ecosystem.
About L&T Energy GreenTech
L&T Energy GreenTech Ltd (LTEGL), a wholly-owned subsidiary of the $30 billion Indian conglomerate Larsen & Toubro, LTEGL is a pioneer in sustainable energy across the green hydrogen value chain. The company provides end-to-end integrated solutions, spanning development, manufacturing, and EPC-driven by advanced R&D, strategic global partnerships, and a commitment to large-scale decarbonization.
Source: L&T Energy GreenTech