Jindal Steel's Green Hydrogen Revolution in India
Key Ideas
  • Jindal Steel and Power Ltd collaborates with Jindal Renewables to implement India's biggest investment in green hydrogen, focusing on decarbonisation and green energy leadership in the steel industry.
  • The project includes plans to integrate green hydrogen into direct reduced iron units, with a capacity of 4,500 tonnes per annum and supply of 36,000 tonnes of oxygen per annum in Angul, Odisha.
  • Jindal Renewables will also supply 3GW of renewable energy to Jindal Steel facilities, aiming to reduce the steelmaker's reliance on coal-fired energy by 50% in the next 2-3 years.
  • The collaboration not only aims to lower the cost of green hydrogen production but also ensure sustainable business practices through long-term offtake agreements and a vision to be a leader in decarbonisation solutions by 2030.
Jindal Steel and Power Ltd and Jindal Renewables have announced a significant collaboration to revolutionize green hydrogen production in India, marking the country's largest investment in this sector by a domestic steelmaker. The partnership focuses on decarbonisation and green energy leadership within the steel industry, with specific plans to integrate green hydrogen into the direct reduced iron units situated in Angul, Odisha. The initial phase of the project will see Jindal Renewables establish a green hydrogen generation capacity of up to 4,500 tonnes per annum, starting operations by December 2025, along with supplying 36,000 tonnes of oxygen annually to the Angul steelworks. Furthermore, Jindal Renewables will contribute 3GW of renewable energy to power Jindal Steel facilities, aiming to reduce the reliance on coal-fired energy by half within the next 2-3 years. This strategic collaboration not only targets cost efficiency in green hydrogen production but also aims for a sustainable business model by securing offtake agreements for up to 25 years. With Jindal Steel's $12 billion global investment, the company is actively working towards enhancing operational efficiencies and capacity utilization to support India's self-reliance goals. On the other hand, Jindal Renewables is on a path to becoming a pioneer in renewable energy projects, with plans to develop around 12GW of renewable assets by 2030 and position itself as a leading decarbonisation solutions provider in the country.
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