IREDA’s GIFT City office to boost green hydrogen

Indian Renewable Energy Development Agency Ltd. (IREDA) has opened an office in GIFT City, Gandhinagar, which will specialize in providing debt options denominated in foreign currencies. This will facilitate natural hedging and significantly reduce the financing costs for Green Hydrogen and Renewable Energy Manufacturing projects. The strategic initiative which would contribute to the country’s journey

MOL Group opens green-hydrogen plant in Hungary

MOL Group has inaugurated a 10-megawatt capacity green hydrogen plant in Százhalombatta, which is the largest in Central and Eastern Europe. The €22-million investment will reduce the Danube Refinery’s carbon dioxide emissions by 25 000 tons. MOL will be able to produce 1,600 tons of clean, carbon-neutral green hydrogen per year. The 10-megawatt electrolysis unit

Godrej & Boyce supplies heat exchangers for green hydrogen

Godrej & Boyce has supplied heat exchangers for a commercial-scale green hydrogen project in the Middle East. The heat exchangers will facilitate heat transfer across various stages of the production process. Godrej & Boyce, a Godrej Group company, announced that its business Godrej Process Equipment has dispatched heat exchangers to a green hydrogen project in

More ammonia requires for shipping, if we develop less green hydrogen projects

The fewer green hydrogen projects are on line by 2030, the more global trade there will be for renewable ammonia for use as a shipping fuel, according to a new report published by non-profits the Rocky Mountain Institute (RMI) and the Global Maritime Forum. While this may seem counterintuitive — given the assumption that most

India to be fastest growing hydrogen market by 2050

A new report released recently highlights India’s potential to lead the fastest-growing market for hydrogen electrolysers by 2050, aiming to achieve net-zero emissions. According to the report, India is projected to experience the highest growth rate in the expanding market for green hydrogen (H2) electrolysers in Asia, followed by China, Japan, and South Korea. The

Green hydrogen electrolyser market in key Asian nations set to reach $180 mn by 2050

The Green hydrogen electrolyzer market is projected to reach $180 billion in key Asian markets by 2050 with India among the countries set to drive the growth, according to a new report. India’s green hydrogen market is set to reach $78 billion by 2050, up from $4 billion in 2030, as per the study to

Indian Oil relaunches green hydrogen plant tender

Indian Oil Corporation (IOCL), the country’s largest fuel retailer, relaunched tenders for its maiden green hydrogen plant to be set up in Panipat, with the bidding process set to begin on April 15. The newly launched tender for the nation’s largest green hydrogen plant removed the controversial clause which some bidders labelled as discriminatory. However,

Avendus Capital says GH2 to drive $125 bln investments by 2030

Green hydrogen (GH2) and green ammonia segments are estimated to drive investments of $125 billion (about ₹10.43 lakh crore) in India by 2030, according to a report by investment banking firm Avendus Capital. The report, titled ‘Green Hydrogen, The Next Frontier In Energy Transition’, said the growth would be driven by an increasing focus on

Green hydrogen fuel could compete with petrol by 2050

Green hydrogen fuel could compete with petrol by 2050 once Malaysia develops its own hydrogen economy ecosystem, says the Science, Technology, and Innovation ministry. Its minister Chang Lih Kang said transitioning to green hydrogen is part of Malaysia’s mission to achieve net-zero carbon emissions by 2050. First, Malaysia must establish both the demand and supply

Gujarat plans green hydrogen policy

Having set a target to produce 60 per cent of the country’s green hydrogen by 2030, Gujarat is working on launching a “green hydrogen policy” and is simultaneously working on pilot projects for blending hydrogen with Piped Natural Gas (PNG) in the state. The Gujarat government is already working on pilot projects to blend green