The Kerala government received investment proposals totalling ₹72,760 crore from four major companies as part of its draft green hydrogen policy, aimed at establishing green hydrogen and green ammonia facilities in the state.
The proposals are currently under review, and specific packages have been outlined. The companies intend to focus on exporting green ammonia to drive export-led growth. Each of these projects is expected to receive approximately ₹275 crore in capital expenditure subsidies from the state government, which will also offer a 100 percent exemption on electricity duty for a duration of 25 years.
One company among the four has put forward two separate investment proposals of ₹22,062 crore and ₹4,511 crore. India’s goal is to develop a green hydrogen production capacity of 5 MTPA by 2030 and to enhance exports of green hydrogen and its derivatives under the National Green Hydrogen Mission.
As reported by ETEnergyworld.com, the production of green hydrogen, which generates zero carbon emissions, is a preferred method for decarbonizing sectors that rely heavily on hydrogen.
Tags: Ammonia, Green Hydrogen, Kerala
Recent Posts
Report Highlights Pathway for Electrifying Nigeria’s Container Trade Sector
South Korean Company YPP Plans to Invest up to $3.1 Billion in Green Hydrogen Production in Kazakhstan
WattEV Expands Electric Truck Charging Network with Three New Depots in California
Anemoi Develops New Method to Accurately Measure Wind-Assisted Propulsion Benefits
Navigator Holdings and Amon Maritime Form Joint Venture for Ammonia-Fuelled Carrier Fleet
Hygenco Commissions Maharashtra’s First Green Hydrogen and Oxygen Facility to Power STL’s Net Zero Goals
India Invites Second Round of R&D Proposals Under ₹4 Billion Green Hydrogen Mission
BMTC Adds 148 Tata Electric Buses to Bengaluru Fleet, Strengthens Green Mobility Drive