Gensol and Matrix to Develop India's First Green Hydrogen Valley in Pune
Key Ideas
  • Gensol and Matrix will establish India's first Green Hydrogen Valley project in Pune to supply green hydrogen to the specialty chemical sector for 20 years.
  • The project is part of India's efforts towards promoting hydrogen valleys through the Department of Science & Technology (DST) to develop a green hydrogen economy.
  • This initiative aligns with India's net-zero targets, with Matrix Gas & Renewables committed to contributing to the National Green Hydrogen Mission.
  • The collaboration between Gensol and Matrix, leveraging their expertise, will extend to areas like Green Steel and Green Ammonia, demonstrating a comprehensive approach to sustainable development.
Gensol Engineering Limited and Matrix Gas & Renewables Ltd. have secured the project to establish India's first Green Hydrogen Valley in Pune, India. The initiative involves setting up a Green Hydrogen production plant on a Build Own and Operate (BOO) basis to supply green hydrogen to the specialty chemical sector with a firm offtake agreement for 20 years. This project, facilitated by the National Chemicals Laboratories (NCL) in Pune's Kurkumbh region, aims to promote the development of a green hydrogen economy in the country. Both Gensol and Matrix are focused on contributing to India's net-zero targets and the National Green Hydrogen Mission. The collaboration between the two companies, which share common promoters, will extend beyond green hydrogen to include initiatives in Green Steel and Green Ammonia. This project signifies a significant step towards sustainable development in India's energy sector, showcasing the potential for innovative solutions and partnerships to drive the transition towards a greener and more sustainable future.
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