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India announces promotion plan for green hydrogen

According to the announcement made by India…

India announces promotion plan for green hydrogen

According to the announcement made by India; green hydrogen promotion will be realized in the country with a plan of 2.3 billion dollars.

India, the world's third largest emitter of greenhouse gases, aims to reduce its emissions with the use of green hydrogen.

The country that plans to reduce the cost of green hydrogen and make it more accessible; India thinks that green hydrogen could be used to make heavy industries like steel, cement and oil refining cleaner.

By aiming to meet at least 10% of global green hydrogen demand, India shows its willingness to become a major exporter in this field.

Although India plans to produce 5 million tons of green hydrogen per year by 2030, experts agree that this target is unrealistic.

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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