Essar Group's Ambitious Green Hydrogen Project in Jamnagar, Gujarat
Key Ideas
  • Essar Group plans a significant investment of Rs 30,000 crore in a green hydrogen plant in Jamnagar, Gujarat, aiming for one GW of hydrogen capacity and one MTPA of green molecules over four years.
  • The conglomerate will utilize renewable energy from Essar Renewables to produce hydrogen and oxygen, while also expanding coal-based electricity generation and renewable energy platform.
  • In addition to focusing on green mobility solutions like LNG and electric trucks for cleaner transportation, Essar is venturing into LNG retail network, coal seam gas production, and mining critical minerals for EV batteries and more.
  • The company envisions a comprehensive growth strategy, including expanding power plants, decarbonizing heavy trucks, and diversifying into mining of minerals essential for sustainable technologies.
The Essar Group has announced its ambitious plan to invest Rs 30,000 crore in setting up a green hydrogen plant in Jamnagar, Gujarat, over the next four years. This project will not only focus on developing one GW of hydrogen capacity but also include the production of one MTPA of green molecules. By utilizing a significant portion of renewable energy from Essar Renewables, the company aims to split water molecules to produce hydrogen and oxygen. The conglomerate also plans to enhance its electricity generation from coal and expand the renewable energy platform, with a target of reaching about 10,000 MW in the next three to five years. Furthermore, Essar is actively working on green mobility solutions, such as LNG and electric trucks, to promote cleaner transportation. The company's fleet of LNG-powered trucks is helping reduce CO2 emissions by 30-35 percent, while also introducing electric trucks to its operations. Additionally, Essar is venturing into supplying liquefied natural gas (LNG) to trucks through a retail network, alongside producing gas from coal seams in West Bengal. The group is not stopping there and is considering entering the mining sector for critical minerals essential for electric vehicle batteries, solar panels, and wind-turbine magnets. This strategic move showcases Essar's comprehensive approach to sustainable growth, encompassing the expansion of power plants, the adoption of green transportation solutions, and diversification into mining to support the future of sustainable technologies.
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