NTPC in talks to sell green hydrogen to Japan's Toyo Engg, Norway's Getek
Subscribe to enjoy similar stories. New Delhi: As state-run NTPC is set start construction of its green hydrogen hub in Andhra Pradesh by the end of the month, the company is in talks with possible buyers of the green molecule. NTPC is in talks with Japan's EPC major Toyo Engineering Corp.
and Norwegian power supply systems company Getek AS for offtake of the green hydrogen to be produced at the hub, said two people in the know of the developments. Further, Australian mining major Fortescue is in talks with NTPC to produce green hydrogen at its ₹1.85-trillion hub in Pudimadaka, Andhra Pradesh. NTPC will offer companies the facility of producing green hydrogen at the hub, akin to the plug-and-play mode available at special economic zones.
"Initial talks have taken place with Toyo Engineering and Getek. The quantum and the rates are yet to be finalized. Fortescue has also shown interest in developing green hydrogen at the upcoming hub," said one of the two people mentioned above.
The development gains significance as assured offtake is key for green hydrogen producers as it is a highly capital-intensive commodity. Green hydrogen is produced with the help of renewable energy, so refineries and manufacturing of steel and metals like aluminium are key areas where it can be used. Replying to a mailed query from Mint, a spokesperson with Fortescue said: "Fortescue is steadfast in its commitment to green hydrogen.
We are focusing initially on four green hydrogen projects across Australia, the US, Norway and Brazil. We also have projects in Oman, Morocco, Egypt and Jordan which will follow our initial projects. Fortescue is also continuing to maintain a portfolio of other potential projects for the future, which will only
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