India's first green hydrogen tender meets a chaotic end
₹8 trillion into the country by 2030. Last year, Reliance Industries announced that it has chalked out a roadmap for bringing down the price of green hydrogen to $1 per kg in India.
It would produce green hydrogen and electrolyzer under its ₹75,000 crore investment plan for energy transition and green energy. ACME Group, along with Japan’s IHI Corporation plans to invest ₹60,000 crore in setting up a green hydrogen project in Odisha.
The two companies last month tied up to supply ammonia (a derivative of green hydrogen) to Japan. Green hydrogen is a key catalyst for the ambitious target of decarbonizing the refinery process and lowering emissions.
Hydrogen is primarily used in the refining, steel and fertilizer sectors. The country’s refining sector consumes around 2 million tonnes of grey hydrogen every year, with IOCL owning one of the largest shares of the country’s refining output.
IOCL has also set an ambitious net zero target of 2046, the year of the centenary of India’s Independence. Grey hydrogen is produced from natural gas, a fossil fuel, thereby leading to higher emissions during the production process, while green hydrogen is produced from renewable energy, like solar and wind.
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