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A potential hub for Green Hydrogen
The global demand of over 100 MMT of Green Hydrogen and its derivatives like Green Ammonia is expected to emerge by 2030 of which India can potentially export about 10 MMT of Green Hydrogen/Green Ammonia per annum which will be about 10 per cent of the global market.
India is expected to achieve Net Zero emissions by 2070.
India currently imports over 40% of its primary energy requirements, worth over USD 90 billion every year.
Dependency on imported fossil fuels in the transportation and manufacturing sectors is necessitating a shift towards technologies that enable an enhanced share of renewable sources in the energy mix, and progressively reduce the dependency on fossil fuels.
Green Hydrogen has the potential to play a key role in such low-carbon and self-reliant economic progress.
It can directly replace fossil fuel-derived feedstocks in petroleum refining, fertilizer production, steel manufacturing etc.
Hydrogen-fueled long-haul automobiles and marine vessels can enable the decarburization of the mobility sector.
The asymmetries in expected demand and production capabilities for Green Hydrogen, in different countries and regions, are likely to result in international trade of Green Hydrogen and its derivatives like Green Ammonia and Green Methanol.
This presents a unique opportunity for India to capitalize on its abundant renewable energy and land resources and the growing global demand for Green Hydrogen, to become a leading producer and exporter of Green Hydrogen and its derivatives.
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