State-run ONGC said that it has signed a Memorandum of Understanding (MoU) with Greenko ZeroC (Greenko) to jointly pursue opportunities in renewables, green hydrogen, green ammonia and other derivatives of green hydrogen.
The activities envisaged under this MoU will contribute towards India’s target of producing 5 million tonnes of green hydrogen per annum by 2030.
The MoU will help ONGC to achieve renewable energy targets as per its Energy Strategy 2040. As the share of renewables in the energy mix is rising, driven by cost competitiveness, climate change awareness and strong regulatory push, ONGC’s aim is to meet its objectives such as de-risking of portfolio against long term disruptions and reducing carbon footprint by moving into renewables space.
The MoU is in line with the National Hydrogen Mission, launched by the Prime Minister, in making India a global green hydrogen hub.
Tags: Green Ammonia, Green Hydrogen, Greenko, ONGC, Renewable
Recent Posts
Wärtsilä to Power USA’s First All-Electric High-Speed Ferries in San Francisco Bay
ABS and Pusan National University Chart a Course for Liquid Hydrogen Shipping
RIC Energy and Siemens Partner to Advance Green Hydrogen and E-Fuels Projects in Spain
Moeve to Supply 40,000 Tons of 2G Marine Biofuel to Grupo Armas Trasmediterránea in Canary Islands
Smart Green Shipping Completes Successful Sea Trials of Wind-Assisted Propulsion System
CMA CGM Unveils Vietnam’s First Fully Electric River Barge in Collaboration with NIKE
Vietnam and France Join Forces to Explore Green Hydrogen for Remote Islands
Port of Rotterdam Tests Electric Hydrofoil Vessel in Push for Sustainable Operations