Essar Group's Ambitious Green Hydrogen Ventures in Jamnagar
Key Ideas
- Essar Group to invest INR 30,000 Crore in a Green Hydrogen Plant in Jamnagar, Gujarat over four years.
- Aims to develop 1 GW of hydrogen capacity and 1 Million Tonnes per annum of green molecules capacity in the region.
- Plans extend to decarbonizing oil refinery in the UK, building a green steel plant in Saudi Arabia, and creating an LNG and electric ecosystem for long-haul trucks.
- Biltrax Construction Data offers insights into 31,000+ projects in India, aiding companies in gaining a competitive edge and generating leads in the construction market.
Essar Group has unveiled plans to invest around INR 30,000 Crore over the next four years to establish a Green Hydrogen Plant in Jamnagar, Gujarat. The conglomerate, transitioning from metals to infrastructure, is prioritizing clean energy as a fundamental element for its forthcoming growth trajectory. Essar Future Energy aims to construct 1 GW of hydrogen capacity and 1 Million Tonnes per annum of green molecules capacity in Jamnagar. Furthermore, Essar Group intends to decarbonize its UK oil refinery, set up a green steel plant in Saudi Arabia, and create an ecosystem focusing on LNG and electric solutions for long-haul heavy trucks. In parallel, Biltrax Construction Data is offering a technology platform tracking over 31,000 projects to assist clients in accessing upcoming projects in India and gaining a competitive advantage in the construction market.
Topics
Green Hydrogen
Clean Energy
Investment
Electric Vehicles
Decarbonization
Construction Projects
Steel Industry
Growth Strategy
LNG
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