JSPL and JRPL Announce Landmark MOU for Green Hydrogen Investment in Indian Steel Industry
Key Ideas
- Jindal Steel (JSPL) and Jindal Renewables (JRPL) signed a significant MOU for India's largest green hydrogen investment by a steelmaker, showcasing a commitment to decarbonisation and green energy leadership.
- The collaboration includes plans to integrate green hydrogen into JSPL's Direct Reduced Iron (DRI) units in Odisha, with JRPL developing a green hydrogen generation capacity of up to 4,500 tons per annum by 2025.
- JRPL will also supply 3GW of renewable energy to JSPL's facilities, reducing the steelmaker's reliance on coal-fired energy by 50% within the next 2-3 years, leading to a substantial decrease in carbon footprint.
- The partnership aims at not only cutting the cost of green hydrogen production but also ensuring a sustainable business model by securing offtake for the next 25 years, setting new benchmarks for the steel industry in India.
Jindal Steel (JSPL) and Jindal Renewables (JRPL) have announced a landmark Memorandum of Understanding (MOU) to implement India's biggest investment in green hydrogen by any Indian steelmaker to date. The collaboration is a major commitment towards decarbonisation and green energy leadership in India's steel industry. The MOU outlines JSPL's plan to integrate green hydrogen into its Direct Reduced Iron (DRI) units in Angul, Odisha, marking a significant leap towards low emission steel production. Jindal Renewables will develop a green hydrogen generation capacity of up to 4,500 tons per annum by December 2025, along with supplying 36,000 tons of oxygen per annum for the Angul steelworks. Additionally, JRPL will provide around 3GW of renewable energy to JSPL's facilities, aiming to reduce the steelmaker's dependence on coal-fired energy by 50% in the next 2-3 years, thereby significantly lowering the company's carbon footprint. The collaboration between the two companies signals a strong commitment to decarbonisation and green energy leadership within India's steel industry, looking to innovate in green hydrogen production and establish a sustainable business model for the long term.