Essar Group plans to Invest Rs 30,000 Crore for Green Hydrogen Plant in Gujarat,India

Specifications:

Name:

Essar Group plans to Invest Rs 30,000 Crore for Green Hydrogen Plant in Gujarat,India

Location:

Gujarat,India

Company:

Essar Group

Estimated Cost:

Rs 30,000 Crore

Source:

https://www.essar.com/

Introduction:

The Essar Group plans a substantial investment of Rs 30,000 crore over the next four years to establish a green hydrogen facility in Jamnagar, Gujarat. This initiative underscores the conglomerate's strategic shift towards clean energy as a central driver for its future growth phase, spanning from metals to infrastructure.

Features:

Essar Future Energy aims to develop 1 gigawatt of hydrogen production capacity and an associated capacity of 1 million tonnes per annum of green molecules in Jamnagar by 2028, as stated in an interview with PTI. The project will leverage 4.5 gigawatts of renewable energy from Essar Renewables to electrolyze water molecules into hydrogen and oxygen. Hydrogen, known for its cleanliness as an energy source, will be utilized for various applications including transportation, electricity generation, industrial processes, and residential heating.

In addition to this ambitious green hydrogen project, Essar Power plans to expand its Salaya-DevBhoomi Dwarka thermal power plant by an additional 1,600 megawatts to meet Gujarat's base-load electricity demands. Moreover, Essar is actively promoting green mobility solutions, focusing on creating an ecosystem for LNG and electric vehicles to reduce carbon emissions in the heavy trucking sector.

Furthermore, Essar is developing a retail network to supply liquefied natural gas (LNG) to trucks. LNG-powered trucks are capable of traveling 1,300-1,400 kilometers on a full tank, whereas electric trucks currently offer a range of approximately 150 kilometers.

In the realm of natural gas production, Essar Oil and Gas Exploration and Production Limited (EOGEPL), a major player in India's coal bed methane industry, aims to increase its share of the country's total gas production to 5% within the next five years. Currently leading India's CBM production with about a million cubic meters of gas per day, EOGEPL plans to invest Rs 2,000-3,000 crore to further expand its gas portfolio.