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Image Source : Energyinfra market Screenshot 2024 06 26 161146

India Launches Green Steel Pilot Project Using Hydrogen Technology Insight

Last Update 15 October 2024

India is advancing toward net-zero emissions by 2070 with its first green steel pilot project led by Matrix Gas and Renewables in Raipur. The project will use green hydrogen to replace coal in sponge iron manufacturing. Matrix plans to build a 50-tonne-per-day plant, fully funded with a Rs 400-crore budget, contributing to India's goal of 5 million tonnes of green hydrogen by 2030.

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Renewable EnergyPartnership and DealNew Project HydrogenGreen HydrogenGreen EnergyEinfews

News Insights

The green steel pilot project was launched in India to help hard to abate steel industry reduce its carbon emissions and use green hydrogen as an alternative to coal or natural gas largely contributing to India’s goal to lower carbon footprints of the industry and transition to green hydrogen. The first of its kind project will boost adoption of green hydrogen as a fuel by different industries and help increase investment in green hydrogen sector in the country. With high-cost concerns looming around green hydrogen projects, this project may create a positive market response in the sector. This project will create opportunity for other steel industries in the country to opt for green hydrogen. This deal will broadly help achieve country’s goal of becoming world leader in green hydrogen production and export.

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