India's Green Steel Revolution: Matrix Gas and Renewables Leads Pilot Project in Raipur
Key Ideas
- Matrix Gas and Renewables is set to kick off a pilot project in Raipur using green hydrogen to decarbonize the steel sector, potentially revolutionizing steelmaking in India.
- The company secured a significant budget and is collaborating with technology partners and IIT Bhubaneswar to develop indigenous technology for utilizing green hydrogen in steel production.
- In addition to the steel project, Matrix Gas and Renewables has also emerged as a winning consortium for a hydrogen electrolyser manufacturing capacity scheme, showcasing a commitment to green hydrogen initiatives.
- The planned electrolyser manufacturing plant in Maharashtra aims to supply electrolyzers for various projects, with expansion plans to reach up to 2 gigawatts by 2030, indicating a substantial investment in green hydrogen infrastructure.
India is making strides towards its net-zero goal by 2070 through innovative projects like the one led by Matrix Gas and Renewables in Raipur. The company is pioneering the use of green hydrogen as a substitute for coal in the steel industry, with a focus on sponge iron manufacturing. By securing the lowest bid for the pilot project, Matrix Gas and Renewables is set to receive approval from the steel ministry, showcasing a significant step towards sustainable steelmaking practices in the country.
Matrix is working on developing indigenous technology with its consortium partners and IIT Bhubaneswar to explore the potential of green hydrogen in converting iron ore into sponge iron. The use of green hydrogen offers a cleaner alternative by producing water as a byproduct instead of carbon emissions. With a substantial budget allocated for the project, the company aims to establish a 50-tonne-per-day plant for green hydrogen fuel production, serving as a prototype for future endeavors.
In parallel to the steel project, Matrix Gas and Renewables, in collaboration with Gensol Engineering, has secured a notable incentive for hydrogen electrolyzer manufacturing as part of India's National Green Hydrogen Mission. The planned electrolyzer manufacturing plant in Maharashtra will play a crucial role in supplying electrolyzers for various projects, with ambitious expansion plans to reach 2 gigawatts by 2030.
The company's commitment to green hydrogen initiatives extends to raising funds for its projects, including the electrolyzer manufacturing plant, further showcasing its dedication to sustainable practices. With a comprehensive approach towards decarbonization and renewable energy, Matrix Gas and Renewables is poised to play a pivotal role in India's green steel revolution.