Energy PSUs eye 38,000 tonnes per annum of green hydrogen capacity
According to a government panel report, India’s state-run oil and gas companies plan to build a combined green hydrogen generation capacity of 38,000 tonnes per year by the next fiscal year.
According to the petroleum ministry’s energy transition advisory committee, the planned green hydrogen facilities would necessitate the installation of a combined electrolyzer capacity of 279 MW by 2024-25. Hindustan Petroleum intends to build 115 MW of capacity at its refineries in Visakhapatnam and Barmer. GAIL, the nation’s largest pipeline operator, is aiming for a capacity of 60 MW, while Indian Oil, the country’s largest refiner, is aiming for a capacity of 56 MW at its Mathura and Panipat refineries.
Bharat Petroleum intends to build a 25 MW power plant, while Numaligarh Refinery and Mangalore Refinery & Petrochemicals intend to build 20 MW and 3 MW plants, respectively.
In its energy transition strategy, India places a strong emphasis on green hydrogen. It plans to invest Rs. 8 lakh crore to develop a green hydrogen production capacity of at least 5 million metric tonnes per year by 2030.
Because they are already a large producer and consumer of non-green hydrogen, state-owned oil and gas companies are expected to play a key role in establishing green hydrogen capacity.
According to the transition committee report, the capacity of state-run and private-sector refiners to produce hydrogen is expected to increase by 85% to 2.5 million tonnes per year by 2030 from 1.4 million tonnes per year in 2020.
By 2030, Indian Oil is expected to have the highest capacity of 825,000 tonnes per year. Reliance Industries is expected to have a capacity of 529,000 tonnes per year, while HPCL will have a capacity of 302,000 tonnes per year.
Refineries and fertiliser manufacturers account for 99% of the total demand for pure hydrogen in India.
According to estimates, Indian refiners use about 2.1 million tonnes of hydrogen per year, and the ammonia sector uses 3.1 million tonnes.
What is Net Zero and why its important for Indian Economy?
Content Credit: ETENERGYWORLD