The Adani group will spend $9 billion to build manufacturing and transportation infrastructure for the first phase of its ambitious green hydrogen venture, pivotal to the conglomerate’s business aspirations and crucial to the world’s third most polluted country’s net-zero transition. Once production gets under way, Adani group will hire specialized ships to export what will be the world’s cheapest green hydrogen and its derivatives to Europe and some Asian countries, three people directly aware of the conglomerate’s plans said on condition of anonymity. "This is the most decisive entry into green hydrogen being planned by any group in the country," one of the three people said.
In the first phase, Adani plans to achieve a capacity of 1 million tonnes per annum (mtpa) of green hydrogen, which is produced by breaking down water in an electrolyzer using renewable power. Adani Group, through Adani New Industries Ltd., is working on one of the most ambitious green hydrogen projects in India from the Rann of Kutch in Gujarat. “The group is in the first stage.
Around $4 billion will be invested for setting up the manufacturing components and equipment needed to operate the plants, stacks and balance of plant (BoP) in the production cycle. This is the most critical part of the cycle. Once it is ready, it can support the next two phases too with some degree of expansion," the person added.
Adani's potential rivals in green hydrogen include Larsen and Toubro Ltd, Indian Oil Corp. Ltd, Acme group and Oil India Ltd. Green hydrogen has become the chosen route for many countries' climate roadmaps and net-zero pledges, as they look to eventually stop burning fossil fuels to generate energy or produce other chemicals.
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