Essar Group's Ambitious Green Hydrogen Investment in Jamnagar
Key Ideas
  • Essar Group plans to invest INR 30,000 crore in a green hydrogen plant in Jamnagar, Gujarat, focusing on clean energy for growth.
  • The conglomerate aims to decarbonize its UK oil refinery, build a green steel plant in Saudi Arabia, and create an LNG and electric ecosystem for long-haul trucks.
  • Essar will use renewable energy to split water molecules for hydrogen production, develop 1 gigawatt of hydrogen capacity, and expand its electricity generation capacity.
  • The group is also involved in green mobility solutions like LNG and electric trucks, coal-bed methane production, and exploring shale gas opportunities in West Bengal.
Essar Group is set to invest INR 30,000 crore in a green hydrogen plant in Jamnagar, Gujarat, over the next four years to strengthen its clean energy initiatives. The conglomerate, led by Prashant Ruia, Director of Essar Capital, plans to leverage renewable energy from Essar Renewables to produce hydrogen and oxygen. This investment is part of Essar's strategy to focus on clean energy as a key driver for its growth phase. In addition to the green hydrogen plant, Essar Group has ambitious plans to decarbonize its UK oil refinery, establish a green steel plant in Saudi Arabia, and create an LNG and electric ecosystem for long-haul trucks. The conglomerate aims to expand its capacity for electricity generation, with a target of 10,000 MW over the next few years. Furthermore, Essar is actively involved in green mobility solutions, such as LNG and electric trucks, to reduce carbon emissions in the transportation sector. The group also engages in coal-bed methane production for various applications like running automobiles and generating electricity. Additionally, Essar is exploring shale gas opportunities in West Bengal. The overall sentiment of the article is positive, highlighting Essar Group's commitment to investing in sustainable energy solutions and decarbonization efforts across multiple sectors.
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.