FCC

Hygenco enters into green hydrogen agreement with Jindal Stainless

2022-08-19

On August 17, Jindal Stainless and Hygenco India, a provider of green hydrogen solutions based in Haryana, announced they had signed India's first long-term offtake agreement. According to the official press release, (JSL) Hygenco will construct, own, and operate the green hydrogen facility for 20 years. It will also be the first multi megawatt scale plant with long term offtake in Asia to be put into service within the next 12 months.

It was also mentioned that the plant will contribute to a 2,700 metric ton annual reduction in carbon emissions for JSL. In the next three years, Hygenco plans to invest more than $300 million in green hydrogen projects across the nation.

“This is one of the most significant landmarks for the hydrogen industry in India and globally as it demonstrates the competitiveness and cost efficiency of Green Hydrogen,” said Amit Bansal, Chief executive officer, Hygenco.

An advanced energy management and control system, which will monitor several parameters including hydrogen generation and the production of renewable energy, will be in charge of controlling the fully autonomous plant. The system will also make autonomous real-time decisions for achieving high efficiency.

According to the release, this technology enables the business to increase hydrogen yield and provide cost-effective hydrogen to end customers.