Thursday, April 25, 2024
HomeBusinessGreen Hydrogen, green ammonia to bring USD 125 bn investment in India:...

Green Hydrogen, green ammonia to bring USD 125 bn investment in India: Avendus Capital – World News Network

Mumbai (Maharashtra) [India], April 4 (ANI): Green Hydrogen (GH2) and green ammonia are future fuels of the world. According to a report by Avendus Capital, Green Hydrogen and green ammonia will bring in investments of USD 125 billion (about Rs 10.43 lakh crore) in India by 2023.
The report titled “Green Hydrogen, the next frontier in energy transition” said the growth of green fuels will be driven by an increased focus on sustainability, commercial viability and government push towards ever expanding use of green fuels with strong regulations.
GH2 is made by using power from renewable energy sources through electrolysis of water. It does not emit any green-house gases. Globally research is being done to make green hydrogen as fuel to help countries attain net-zero emission targets.
GH2 is being touted as the fuel of the future. Massive research and development investments are being done to find commercial viability of hydrogen fuel in transport, power, aviation and other industrial usages.
Avendus Capital report says green hydrogen is becoming increasingly competitive with current production forms. Production cost have fallen by over 40 per cent in last 8 years but it is still very high for commercial usages.
India has an annual hydrogen demand of approx. 6MMTPA and is the 3td largest consumer of hydrogen globally. India is also one of the cheapest renewable electricity producer globally, it has abundant water sources and is emerging as a global manufacturing hub which are three key ingredients required for the production of cost competitive green hydrogen.
To promote the green hydrogen industry, the Indian government has incentivised production of electrolysers and green hydrogen through an outlay of over USD 2.4 billion in the form of production linked incentives schemes (PLIs) along with multiple other incentives through the National Hydrogen Mission. State governments have also announced several incentives to boost the green hydrogen ecosystem.
The recent tender by SECI under the SIGHT programme witnessed participation by multiple large and upcoming Indian corporates in the green hydrogen value chain. Many global electrolyser manufactures including John Cockerill, Stiesdal and Ohmium have already commenced their India green hydrogen plans through multiple JVs and strategic partnerships.
Europe, Japan and many other countries that do not have necessary resources to produce green hydrogen at competitive costs have announced import plans and are creating import focussed infrastructure near ports. India is being seen as a giant green hydrogen hub owing to its significantly lower cost of production, its geographical proximity to importing countries and its export infrastructure.
The Indian Government has already identified three green hydrogen/ammonia hubs situated near the ports of Kandla, Paradip and Tuticorin. Many Green hydrogen players are already forging strategic partnerships with existing ammonia facilities near ports to cater to export demand, and also building export-oriented offtake arrangements. (ANI)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News


Paris Appreciation Awards

Read More

World Polls

Read More

Short News

Read More

Indian Bureaucrats

Read More

World Talent Management

Read More

World Brand Ambassadors

Read More

Film Critics

Read More

Influencers

Read More

Video Press Release

Read More

podcasts Press Release

Read More

Social Media

Read More

Colleges Press Release

Read More

Business Press Release

Read More

Critics Press Release

Read More

Fashion Marketing Press Releases

Read More

Gaming Press Release

Read More

Finance Press Release Distribution

Read More

Creative Press Release

Read More

Animals Press Release

Read More

Tech News Press Release

Read More

Cryptomarket Press Release

Read More

Fitness News Press Release

Read More

Gadgets Press Release

Read More

Gardening Press Release

Read More

Stockmarket Press Release

Read More

Product Reviewers and Marketing

Read More

Crypto Press Release Distribution

Read More

Film Festivals Marketing

Read More

India Real Estate Marketing

Read More

Indian Medical Tourism

Read More

Travel Marketing Press Release

Read More

Health Marketing Press Release

Read More

Events Marketing Press Release

Read More

Restaurants Marketing Press Release

Read More

City Business Listing

Read More

World Import Export

Read More

PR Franchise

Read More

Radio Press Release Distribution

Read More

Movies Distribution

Read More

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

Paris Appreciation Awards

Read More

World Polls

Read More

Short News

Read More

Indian Bureaucrats

Read More

World Talent Management

Read More

World Brand Ambassadors

Read More

Film Critics

Read More

Influencers

Read More

Video Press Release

Read More

podcasts Press Release

Read More

Social Media

Read More

Colleges Press Release

Read More

Business Press Release

Read More

Critics Press Release

Read More

Fashion Marketing Press Releases

Read More

Gaming Press Release

Read More

Finance Press Release Distribution

Read More

Creative Press Release

Read More

Animals Press Release

Read More

Tech News Press Release

Read More

Cryptomarket Press Release

Read More

Fitness News Press Release

Read More

Gadgets Press Release

Read More

Gardening Press Release

Read More

Stockmarket Press Release

Read More

Product Reviewers and Marketing

Read More

Crypto Press Release Distribution

Read More

Film Festivals Marketing

Read More

India Real Estate Marketing

Read More

Indian Medical Tourism

Read More

Travel Marketing Press Release

Read More

Health Marketing Press Release

Read More

Events Marketing Press Release

Read More

Restaurants Marketing Press Release

Read More

City Business Listing

Read More

World Import Export

Read More

PR Franchise

Read More

Radio Press Release Distribution

Read More

Movies Distribution

Read More