Simplex Castings to Lead Consortium for Green Hydrogen DRI Pilot Plant
Key Ideas
- Simplex Castings has been chosen to spearhead a pioneering green hydrogen-powered Direct Reduced Iron (DRI) pilot plant with a daily production capacity of 40 tons.
- The project, with an estimated capital expenditure of Rs 230 crore, will receive significant government funding covering around 70 percent of the costs.
- The consortium comprises key partners like BSBK Pvt Ltd, Ten Eighty Investment, and IIT Bhilai, each contributing specialized expertise for the project's success.
- Apart from DRI production using 100 percent hydrogen, the initiative also includes plans to utilize hydrogen in blast furnaces and vertical shaft-based DRI making units.
Simplex Castings has been appointed to lead a consortium for the development of a green hydrogen-powered Direct Reduced Iron (DRI) pilot plant in New Delhi, India. This project, part of a government initiative, aims to have a production capacity of 40 tons per day (TPD). The total capital expenditure for the project is estimated at Rs 230 crore, with substantial backing from the government, covering approximately Rs 161 crore or 70 percent of the funding. The selection of Simplex Castings to spearhead this initiative underscores their expertise in the field. Collaborating with key partners like BSBK Pvt Ltd, Ten Eighty Investment, and IIT Bhilai will ensure the project's success through a combined pool of specialized knowledge. The project's scope includes developing a pilot project for DRI production using 100 percent hydrogen in a vertical shaft, alongside plans to integrate hydrogen in blast furnaces and vertical shaft-based DRI making units. This comprehensive approach signifies a step towards sustainable practices and technological innovation in the industry.
Topics
Projects
Renewable Energy
Technological Innovation
Government Initiative
Capital Expenditure
Industry Partnership
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