India’s Green Hydrogen Transition Will Cost $60 Billion

In Hydrogen, Clean Talk, Environment, News, Renewable Energy, Technology
green hydrogen

State-owned energy corporations are seeking partners to collaborate and create green hydrogen plants to power their refineries and commercialize the fuel. Over the next three years, Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd, Hindustan Petroleum Corp. Ltd, NTPC Ltd, and Gail (India) Ltd, among others, intend to establish green hydrogen facilities.

Green Hydrogen

While IOCL has floated worldwide bids for the development of generating facilities on a build-own-operate basis at its refineries in Mathura, Uttar Pradesh, and Panipat, Haryana, Gail has floated global tenders for the procurement of an electrolyzer.

Gail has shortlisted three locations, including one in Madhya Pradesh’s Vijaipur, and expects the 10-megawatt project to be operational in about 14 months. NTPC, the state-owned power utility, has also announced the construction of a 5MW green H2 plant.

IOCL, on the other hand, intends to establish a green hydrogen generating plant with a capacity of 5,000 metric tonnes per year for its Mathura refinery and 2,000 metric tonnes per year for its Panipat refinery.

Hydrogen is used in enormous amounts in refineries to de-sulphurize petroleum, diesel, and other compounds. Currently, hydrogen is produced at refineries by steam reforming natural gas, which results in significant CO2 emissions. As a result, refiners are establishing large-scale electrolyzers to generate green hydrogen from water and to decarbonize the hydrogen manufacturing process.

Green hydrogen demand in India is expected to reach 2 million tonnes per year by 2030 for applications such as refineries, fertilisers, and municipal gas grids, in keeping with the country’s green hydrogen agenda. This would necessitate investments of up to $60 billion.

Reference- Live Mint, Mercom India, PIB, Economic Times, Business Standard

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