Reliance Industries, Larsen & Toubro, Greenko Group, and Welspun New Energy are betting big on green hydrogen. These industrial giants have secured land parcels at Gujarat’s Deendayal Port Authority (DPA) for setting up massive green ammonia and hydrogen (H2) production units. The combined investment could touch INR 1 lakh crore.
DPA had auctioned 14 land plots, each earmarked for 1 million tonnes per annum (MTPA) of green ammonia production. The four companies emerged as top bidders. .
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Kandla port aims for a combined green ammonia and hydrogen production capacity of 8.4 MTPA. Green hydrogen, produced via electrolysis using renewable energy, is seen as a crucial player in the global push for net-zero emissions. Ammonia, a derivative, is essential for scaling up green H2 production.
The government has identified DPA, Paradip Port, and VO Chidambaranar Port as hydrogen hubs. DPA has already inked MoUs with several energy players. However, questions linger. Is this a well-thought-out strategy or a hasty response to global green trends?
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The National Green Hydrogen Mission sets ambitious targets: 5 MTPA production by 2030, 125 GW renewable energy addition, and INR 8 lakh crore investment. While these figures promise a green future, challenges abound. Technology costs remain high, and the hydrogen economy is still in its infancy.
Moreover, the government’s role is crucial. Policy clarity, infrastructure development, and research support are essential. Without a robust ecosystem, these mega-projects risk becoming white elephants.
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India’s green hydrogen dream is undeniably alluring. But transforming it into reality requires meticulous planning, substantial investment, and unwavering commitment. The jury is still out on whether the current push is a step in the right direction or a premature gamble.
Reference- JMK Research, Economic Times, Reliance Industries, Moneycontrol