Green Hydrogen Revolutionizing India's Steel Industry
Key Ideas
  • The India Green Steel Coalition released a whitepaper emphasizing the transformative potential of green hydrogen in the steel sector, aiming to significantly reduce CO2 emissions.
  • India's National Hydrogen Mission targets to establish the country as a global leader in green hydrogen, with a goal of producing five million metric tonnes annually by 2030.
  • Green hydrogen offers a sustainable alternative to traditional carbon-intensive steel production methods, with production costs expected to decrease as technology advances.
  • Key stakeholders in the steel industry are recognizing the critical role of green hydrogen in decarbonizing India's steel sector, aligning with the country's Net-Zero goals.
The India Green Steel Coalition, a collaboration between WWF-India and the Confederation of Indian Industry, unveiled a whitepaper titled 'Role of Green Hydrogen in the Indian Steel Sector' in New Delhi. The whitepaper highlights the potential of green hydrogen to revolutionize the steel industry by significantly reducing CO2 emissions. The National Hydrogen Mission, launched in 2021, aims to position India at the forefront of green hydrogen production, targeting five million metric tonnes annually by 2030. This initiative is crucial as the steel industry globally accounts for 7% of CO2 emissions, making green hydrogen a sustainable solution. As demand for green hydrogen rises, it is poised to play a vital role in enabling low-carbon steel production. The whitepaper underscores the importance of advancing electrolyser technology to enhance commercial viability and scalability, ultimately driving sustainable steelmaking. Key industry figures, such as Mr. Vishal Dev from WWF-India and Mr. R K Goyal from the India Green Steel Coalition, emphasize the significance of green hydrogen in aligning with India's sustainable development goals. Moreover, experts like Mr. Kapil Bansal from EY Parthenon acknowledge India's ambitious targets for green hydrogen production and its potential to significantly reduce CO2 emissions. The whitepaper will serve as a guiding document for stakeholders, advocating for the adoption of green hydrogen to decarbonize India's steel sector in line with the country's Net-Zero commitments.
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