Simplex Castings Leading Green Hydrogen-Powered DRI Pilot Project Consortium
Key Ideas
- Simplex Castings to lead consortium for green hydrogen-powered DRI pilot plant with 40 tons per day production capacity.
- Project estimated at Rs 230 crore, with government covering 70% of funding, promoting sustainable iron production.
- Key partners including BSBK Pvt Ltd, Ten Eighty Investment, and IIT Bhilai to contribute expertise for project success.
- Government initiative to explore hydrogen use in DRI production, aiming to reduce coal/coke consumption and promote sustainability.
Simplex Castings, based in New Delhi, has been selected to lead a consortium for developing a green hydrogen-powered direct reduced iron (DRI) pilot project under a government initiative. The project aims to produce DRI using 100% hydrogen, with a production capacity of 40 tons per day. Key partners like BSBK Pvt Ltd, Ten Eighty Investment, and IIT Bhilai will provide expertise to support the project. The total project cost is estimated at Rs 230 crore, with the government covering approximately 70% of the funding. The government initiative includes exploring the use of hydrogen in a blast furnace to reduce coal/coke consumption and injecting hydrogen in vertical shaft-based DRI making units. This project showcases a push towards sustainable iron production and signifies a step towards greener practices in the industry.