India's Ambitious Energy Transition: Leading the Way in Green Hydrogen Production
Key Ideas
  • India aims to achieve net-zero emissions by 2070, with targets to cut carbon intensity by 45% and have 50% of electric power from renewables by 2030.
  • India is focusing on green hydrogen production using renewable energy, with a goal of producing 5 million metric tonnes annually by 2030, aligning with global leaders like Germany.
  • Petronas, through its subsidiary Gentari, is investing $1.6 billion in India's Green Ammonia Project to produce 5 million tonnes of green ammonia yearly by 2030, enhancing India's energy landscape.
  • Petronas is adapting to India's renewable energy focus by committing to net-zero emissions by 2050, investing in renewable energy projects, and allocating a significant portion of its capital expenditure to decarbonization projects.
India is making significant strides in its energy transition by setting ambitious targets for cutting emissions and increasing the share of renewables in its electricity production. One key aspect of this transition is the country's focus on green hydrogen production, which involves using renewable energy sources to power the electrolysis of water and create clean fuel without greenhouse gas emissions. The Ministry of Energy has prioritized establishing India as a global hub for green hydrogen production, aiming to produce 5 million metric tonnes annually by 2030, in line with leading countries like Germany. Petronas, a multinational oil and gas company from Malaysia, is investing heavily in India's Green Ammonia Project through its subsidiary Gentari. This $1.6 billion initiative aims to produce 5 million tonnes of green ammonia each year by the end of the decade, contributing to India's renewable energy goals. Petronas has a long-standing relationship with India, dating back to 1992, and has been instrumental in enhancing the country's energy sector through various projects. To adapt to India's renewable energy focus and evolving energy landscape, Petronas has committed to achieving net-zero emissions by 2050 and is actively expanding its renewables portfolio. The company aims to install 30-40 GW of renewable energy capacity by 2030 and plans to establish 9,000 EV public charging stations in Malaysia and India by 2026. Despite facing potential challenges from India's shift away from fossil fuels, Petronas remains dedicated to supporting India's growth and sustainability. However, Petronas faces a legal dilemma stemming from a dispute over resource rights in Sabah, Malaysia, where some of its renewable operations are based. A group with historical ties sued Malaysia, leading to a controversial ruling against the country, jeopardizing Petronas' investments. While Petronas continues to navigate these legal challenges, its commitment to decarbonization and energy transition remains strong, reflecting the changing global energy landscape and India's renewable energy ambitions.
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