10,319.96 TRY BIST 100 BIST 100
4.49 CNY CNY CNY
35.03 EUR EUR EUR
32.22 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
42.53 TRY Interest Interest
83.58 USD Fossil Oil Fossil Oil
29.64 USD Silver Silver
4.91 USD Copper Copper
116.38 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,467.82 TRY Gold (gr) Gold (gr)

Green hydrogen plant inaugurated in India

Steel Minister Jyotiraditya M. Scindia recently inaugurated India's pioneering green hydrogen plant in the stainless steel sector, a joint endeavor by Jindal Stainless Ltd. and Hygenco India.

Green hydrogen plant inaugurated in India

This milestone signifies a significant step towards sustainable industrial practices, showcasing India's commitment to eco-friendly solutions. Minister Scindia hailed the project as a testament to collaborative innovation, positioning India as a global leader in sustainable steel production.

The green hydrogen plant, situated at Jindal Stainless Ltd.'s manufacturing unit in Haryana's Hisar, is anticipated to initially produce 78 tonnes per year of green hydrogen. This endeavor marks the first commercial-scale green hydrogen plant in India's stainless steel sector, representing a significant shift towards cleaner energy sources. Under a 20-year agreement, Hygenco India will own and operate the plant before transferring ownership to Jindal Stainless Ltd.

Green hydrogen, produced through water electrolysis powered by renewable energy, offers a virtually emission-free alternative to traditional hydrogen production methods. By replacing grey hydrogen, the plant aims to reduce carbon emissions by approximately 2,700 tonnes per year, contributing to India's broader efforts to combat climate change.

This initiative aligns with the Indian government's vision for sustainable energy development, as outlined in the National Green Hydrogen Mission (NGHM). With a target to achieve 5 million tonnes per annum of green hydrogen production capacity by 2030, the mission aims to reduce fossil fuel imports and advance India's transition towards cleaner energy sources.

The steel industry, including Jindal Stainless Ltd., stands to benefit significantly from the adoption of green hydrogen, with pilot projects underway to explore its various applications in steel production processes. Despite challenges such as production costs and infrastructure limitations, the industry's concerted efforts and government support are expected to drive innovation and scale-up production, paving the way for a more sustainable future.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Indian steel industry struggles in the face of Chinese imports

Thursday, May 16, 2024

The price outlook for Chinese steel products in the second half of May 2024

Thursday, May 16, 2024

Saudi pipelines secures dual deals with Aramco worth millions

Thursday, May 16, 2024

India's HRC exports fall in April

Thursday, May 16, 2024

Taiwan's Feng Hsin keeps prices stable

Thursday, May 16, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now