Government of India Invests INR 347 Crore in Green Hydrogen Projects
Key Ideas
- The government of India has sanctioned three pilot projects in the steel sector under the National Green Hydrogen Mission.
- The projects, led by various companies and institutions, will receive a total of INR 347 crore in funding.
- These initiatives aim to demonstrate the feasibility and economic viability of utilizing green hydrogen in steel production for low-carbon outcomes.
- The pilot projects are expected to be operational within the next three years, contributing to the advancement of green technologies in India.
The government of India has allocated INR 347 crore for three green hydrogen pilot projects in the steel sector as part of the National Green Hydrogen Mission. The projects involve companies like Matrix Gas and Renewables Ltd, Simplex Castings Ltd, and Steel Authority of India Ltd. These initiatives aim to explore advanced technologies for incorporating green hydrogen in steelmaking processes. By utilizing 100% hydrogen, reducing coal/coke consumption, and injecting hydrogen in DRI making units, the projects seek to validate the technical and economic viability of green hydrogen-based steel production. The Ministry of New and Renewable Energy issued guidelines for these pilot projects to promote low-carbon iron and steel manufacturing. The projects are set to be commissioned within the next three years, showcasing safe and secure operations of green hydrogen applications in the steel industry.