Following the Prime Minister’s announcement launching the National Hydrogen Mission on the occasion of Independence Day in 2021, and the Ministry of Power’s recently announced Green Hydrogen Policy, India has taken a significant step forward in furthering the aim of the National Hydrogen Mission which is to make India a green hydrogen hub and target production of 5 million tonnes of green hydrogen by 2030.
Present Scenario
Presently, it is estimated that India’s annual hydrogen consumption is 6.7 million tonne majority of which is used for petroleum refining, while the rest is used for fertiliser manufacturing. It is estimated that by 2030, the hydrogen costs will be down by 50 per cent. The demand for hydrogen is expected to see a 5-fold jump to 28 MT by 2050 where 80 per cent of the demand for energy is expected to be green in nature.
Please click here to read the full article by Ashish Suman and Ayan Sinha, published in The Environment.
Ashish’s key focus area is Infrastructure Specialty contracts as well as Public Procurement and Public Private Partnership with a focus on Construction, Transportation and Energy.