Paradip Port's Ambitious Expansion Plan to Embrace Green Hydrogen
Key Ideas
- Paradip Port in Paradip plans to create three new berths, mechanize four existing ones, and set up a dedicated dock for green hydrogen as part of its goal to be fully automated by 2030.
- The port aims to increase its handling capacity to over 400 MTPA by 2030 and further to 500 MTPA by 2047, with a focus on enhancing operational efficiency and productivity through mechanization.
- Additionally, the port intends to construct a green hydrogen and green ammonia berth with a capacity of 5 MTPA by 2026, along with attracting investors to establish green ammonia and green hydrogen factories in the vicinity.
- These transformative initiatives require substantial investments totaling Rs 50,800 crore, with a significant portion allocated towards mechanization and constructing facilities for green hydrogen and green ammonia production.
Paradip Port in Paradip is embarking on an ambitious expansion plan that includes significant developments to embrace green hydrogen and enhance overall operational efficiency. The port's vision to be fully automated by 2030 involves creating three new berths, mechanizing four existing ones, and establishing a dedicated dock for green hydrogen. By increasing its handling capacity to over 400 MTPA by 2030 and further striving to reach 500 MTPA by 2047, the port aims to improve productivity and reduce handling times through mechanization. To support its export and bunkering activities, the port plans to construct a specialized green hydrogen and green ammonia berth with a capacity of 5 MTPA by 2026, representing a key step towards sustainability and renewable energy adoption. Furthermore, Paradip Port has attracted investors to establish green ammonia and green hydrogen factories in the surrounding area, with the total investment required for these initiatives estimated at Rs 50,800 crore. While these endeavors come with a hefty cost of over Rs 2,500 crore for berths mechanization and Rs 325 crore for the dedicated green hydrogen and green ammonia berth, the port's commitment to transitioning towards greener practices and fostering eco-friendly operations remains a top priority.