India will see its first green hydrogen and green ammonia refueling hubs for green shipping, at Kandla and Tuticorin ports, Union minister for power and renewable energy RK Singh said.
In an interaction with the media Singh said, “We have identified two ports which will serve as refueling ports for green shipping. One will be Kandla on the west coast, and the other will be Tuticorin port on the east coast. So, we will have green hydrogen, green ammonia refueling facilities for green ships in these ports.”
The Centre, on January 13, released the blueprint for its ambitious National Green Hydrogen Mission (NGHM) with a total initial outlay of Rs 19,744 crore, of which Rs 17,490 crore will be for the production-linked incentives for producing green hydrogen and manufacturing electrolysers. Approved by the Union Cabinet led by Prime Minister Narendra Modi on January 4, the nation under this mission aims to be a leading exporter of green hydrogen in the world; setting an ambitious target of capturing about 10 percent of the global green hydrogen market, which is expected to touch 100 million metric tonnes (MMT) by 2030.
“We already have concrete plans by different industries for setting up six million tonnes of green hydrogen production, which will translate to about 36 million tonnes of green ammonia production,” Singh said.
Industries in India are trying to export orders for green hydrogen, the minister said adding that we will emerge as a green hydrogen and green ammonia powerhouse.
He emphasised, “That’s the target”. India has an upper hand as compared to the other nations as the cost of renewable energy capacity in India is one of the lowest in world.
You can set up 1 MW solar energy manufacturing capacity at $600,000-the lowest price anywhere in the world.
India’s stated target as per the mission is installing five million tonnes of green hydrogen capacity per annum by 2030. However, the government is hopeful of clocking 7-10 MT capacity per annum by 2030, the minister said.
Source: Money Control