Hygenco agrees with JSL to build green hydrogen facility

Hygenco India signed India’s first long-term off-take agreement with Jindal Stainless (JSL), one of the largest stainless-steel conglomerates globally. The first of its kind off-take agreement in India will see Hygenco Build-Own-Operate the green hydrogen facility for 20 years. It will also become the first multi-megawatt scale plant with long-term offtake in Asia to be commissioned in the next 12 months.

The green hydrogen plant will help in reducing JSL’s annual carbon emissions by about 2,700 metric tonnes per year, enabling de-carbonization and pushing sustainable development.

The large-scale adoption and scale-up of green hydrogen across industries will be vital for India, which is significantly dependent on imports for its energy needs. This will provide a significant push to the Government’s ambitious National Hydrogen Mission, which envisages the production of five million tons of green hydrogen by 2030.

The plant will enable de-carbonization and pushing sustainable development.  Hygenco is aiming to deploy more than $300 million in Green Hydrogen projects across the country in the next 3 years.