Gensol Engineering and Matrix Gas to Develop India's Largest Green Steel Facility
Key Ideas
  • Gensol Engineering and Matrix Gas are partnering to develop India's first and largest green steel production facility with a capacity of 50 tons per day, utilizing 100% green hydrogen.
  • The project, sanctioned under India's National Green Hydrogen Mission, represents a significant technological advancement in sustainable steel production, eliminating CO₂ emissions by replacing fossil fuels with green hydrogen.
  • The total capital expenditure is estimated at INR 321 crore, with 50% capex incentives provided by the Government of India. The facility will employ direct reduced iron technology and support broader goals for establishing similar Green Steel plants in various regions of India.
  • Consortium members include Indian Institute of Technology Bhubaneswar, Metsol AB (Sweden), and Matrix overseeing the entire project lifecycle from design to commissioning, with a focus on environmental sustainability and clean iron production.
Gensol Engineering Ltd and Matrix Gas & Renewables have joined forces to develop India's first and largest green steel production facility, with a capacity of 50 tons per day powered by 100% green hydrogen. The project, sanctioned under India's National Green Hydrogen Mission, aims to revolutionize sustainable steel production by eliminating CO₂ emissions through the use of renewable energy. The total capital expenditure for the facility is estimated at INR 321 crore, with 50% capex incentives provided by the Indian government. The facility will utilize direct reduced iron technology and aims to establish similar Green Steel plants in Chhattisgarh, Odisha, and other regions in India. Consortium members, including Indian Institute of Technology Bhubaneswar, Metsol AB (Sweden), and Matrix, will work together to ensure the success of the project. This initiative marks a significant step towards cleaner and more environmentally friendly steel production in India.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.