Hygenco, one of the emerging players in the green hydrogen space, is taking steps to boost the green hydrogen production in the country.
Recently, Hygenco’s Amit Bansal and Gaurav Agnihotri gave a presentation on ‘Hydrogen-based steel making & its opportunities in India’ to the Ministry of Steel in New Delhi. The meeting was chaired by the Nagendra Nath Sinha, Secretary of the Ministry of Steel.
Hygenco stressed on the growing significance of using Green Hydrogen in steel-making processes and the urgent need to reduce the carbonfootprint of the Steel Sector. Hygenco’s ongoing efforts in decarbonizing the sector through its ongoing Green Hydrogen projects were lauded by Sinha and assured the Ministry’s full support and guidance towards the decarbonization journey.
Tata Steel Special Economic Zone Limited (TSSEZL) and HHP Five Private Limited (Hygenco) have recently inked a Memorandum of Understanding (MoU) to establish a green hydrogen and green ammonia project at TSSEZL’s Gopalpur Industrial Park (GIP) in Odisha. Hygenco, renowned for producing low-cost green hydrogen, aims to gradually produce 1 Million Tonnes Per Annum (1 MnTPA) from this plant. The company targets the commissioning of the project’s initial phase by December 2026.
The Indian government is working on creating a supportive regulatory framework for the green hydrogen sector. This includes incentives, subsidies, and policy measures that promote the adoption of green hydrogen, making it economically viable for industries and other end-users.
India’s pursuit of a green hydrogen future is a testament to its commitment to sustainable development. As the nation takes bold strides in embracing this clean energy alternative, the prospects for reducing carbon emissions and achieving energy security look promising. With a strategic blend of policy support, technological innovation, and collaborative efforts, India is poised to lead the way in the global green hydrogen revolution.
