India's Ambitious Green Hydrogen Mission and Global Collaborations
Key Ideas
- India targets to produce five-million tonnes of green hydrogen annually by 2030 under the National Green Hydrogen Mission, aiming to reduce fossil fuel dependence and scale up renewable energy capacity.
- European leaders, such as Hydrogen Europe CEO, recognize the growing importance of hydrogen in decarbonizing economies, with India and Europe collaborating on discussions about green hydrogen's role.
- Johnson Matthey emphasizes the critical role of platinum group metals (PGMs) in the green energy transition, highlighting their importance in technologies like green hydrogen production, fuel cells, and sustainable aviation fuel.
- Collaborations in the mining and metals industry, exemplified by the agreement between Vale of Brazil and GreenIron of Sweden, focus on reducing emissions and advancing decarbonization efforts through initiatives in Brazil and Sweden.
India is set to make significant strides in the production of green hydrogen, with Prime Minister Narendra Modi announcing a target of five-million tonnes annually by 2030 through the National Green Hydrogen Mission. The initiative aims to reduce India's reliance on fossil fuels and expand its renewable energy capacity to 500 GW, with a goal of lowering the cost of green hydrogen to $1.5/kg. European leaders, including Hydrogen Europe CEO Jorgo Chatzimarkakis, have engaged in discussions with Indian officials on the role of hydrogen in decarbonizing economies.
The importance of platinum group metals (PGMs) in the transition to green energy has been underscored by Johnson Matthey, emphasizing their crucial role in technologies like green hydrogen production, fuel cells, and sustainable aviation fuel. Water electrolysis, based on PGM-based proton exchange membrane technology, has shown promise in producing hydrogen and oxygen cleanly and safely.
Furthermore, collaborations in the mining and metals industry, such as the partnership between Vale of Brazil and GreenIron of Sweden, are geared towards reducing emissions and advancing decarbonization efforts. This agreement includes initiatives in Brazil and Sweden, including a feasibility study for a direct reduction facility in Brazil operated by GreenIron, highlighting the global focus on achieving decarbonization targets and promoting sustainable industrialization.