Driving the Energy Transition: State-Owned OMCs Commit to 1 Mt Green Hydrogen by 2030
Key Ideas
- State-owned oil marketing companies in India are set to submit a joint road map for producing over 1 million tonnes of green hydrogen by 2030.
- The Ministry of Petroleum and Natural Gas is pushing for a detailed plan to be submitted before the upcoming national budget, signaling a commitment to green energy.
- Despite collaborations with the private sector and issuing tenders, progress on green hydrogen production is yet to be seen.
- This initiative highlights a significant step towards sustainable energy practices and reducing reliance on traditional fossil fuels in India.
State-owned oil marketing companies (OMCs) in India are ramping up their efforts to drive the energy transition by aiming to produce more than 1 million tonnes of green hydrogen by 2030. The Ministry of Petroleum and Natural Gas has requested a detailed plan from these OMCs before the upcoming national budget, showcasing a strong push towards green energy adoption. Public-sector undertakings (PSUs) under the ministry are working on a joint roadmap to accelerate the production of green hydrogen. Despite forming partnerships with the private sector and initiating tender processes, significant progress in green hydrogen production is yet to materialize. This commitment to green hydrogen signifies a pivotal move towards sustainable energy practices and decreasing the dependency on conventional fossil fuels in India. The collaborative efforts between state-owned entities and private companies underscore the potential for a transition towards cleaner fuel alternatives in the country, aligning with global sustainability goals.