Located at Jindal Stainless Limited in Hisar, Haryana, the state-of-the-art facility is also the world’s first first green hydrogen plant with rooftop & floating solar, having capacity to reduce around 2,700 MTPA carbon emissions.
Mar 28, 2024
Union Minister for Steel and Civil Aviation, Mr. Jyotiraditya M. Scindia, recently inaugurated India’s first green hydrogen plant in the stainless steel sector located at Jindal Stainless Limited, Hisar, Haryana.
It is the world’s first off-grid green hydrogen plant for the stainless steel industry and also the first global green hydrogen plant with rooftop & floating solar, which will reduce carbon emissions considerably by around 2,700 MTPA and 54,000 MT over the next two decades.
The Union Steel Minister highlighted India’s commitment to a green and sustainable future, emphasizing the need for responsible economic progress in the post-Covid era. He said as the world strove to recover from the pandemic’s aftermath, India was steadfast in its resolve to contribute to global environmental goals.
He mentioned that India’s rich history of environmentalism, deeply embedded in traditions and practices, was now being revitalized through modern strategies.
The country was making significant strides in tackling climate change with initiatives like the Panchamrit (five-fold strategy to fight climate change) and Mission LiFE (a worldwide effort dedicated to supporting eco-friendly lifestyle and protecting the environment), showcasing a holistic approach to development that balances both nature and human prosperity.
Watch: RR Kabel | Solar Cables | Solar Plant | Renewable Energy
He said the government was encouraging companies, citizens, and state governments to focus on green growth and green jobs to achieve the target of net zero carbon emission by 2070. The Minister also highlighted India’s progress in the steel sector, evolving from a net importer to a net exporter and aiming to become the world’s largest producer of crude steel.
Mr. Scindia said one key initiative in this journey was the National Green Hydrogen Mission (NGHM), launched last year with an outlay of around INR 20,000 crore with an aim to make India a global hub for production, usage and export of green hydrogen and its derivatives. The mission also supported pilot projects in the steel sector with a budget of around INR 500 crore until FY 2029-30.
As per the Minister, the allocation of 11 percent additional outlay for infrastructure development in this year’s Interim Union Budget reflected the importance the government attached to sectors crucial for growth.
The Union Minister further highlighted the benefits the industry accrued from the government’s push towards sustainability solutions, including infrastructure spending.
While congratulating Hygenco and Jindal Stainless for the commissioning of India’s first long-term off-take green hydrogen plant, the Union Minister mentioned that this innovative green hydrogen project seamlessly aligned with the government’s vision for a cleaner and more sustainable future.
He said the project also created valuable employment opportunities, showcasing the potential of responsible industrial practices. The Minister urged other industry stakeholders to enthusiastically adopt clean technologies, actively participating in India’s transformative journey towards a greener economy and fostering a conscientious industrial landscape.
Also Read: NKT to Invest EUR 100 Million in MV Power Cable Business Across Europe
Mr. Scindia highlighted the government’s readiness to initiate robust national green policies, 13 task forces to identify action points for each aspect of green steel production, and implementation of the Steel Scrap Recycling Policy for enhancing the availability of domestically generated scrap.
He said it was the need of the hour for the stakeholders to come together to build a globally competitive as well as sustainable steel industry. He emphasized on the monumental significance of energy transition in this new world order, stating that the next era of growth belonged to India and within India, to the steel industry.
The virtual inauguration also witnessed the presence of Secretary, Ministry of Steel, Mr. Nagendra Nath Sinha; Managing Director of Jindal Stainless Limited, Mr. Abhyuday Jindal; Hygenco Founder Mr. Amit Bansal, and other officials of the Ministry of Steel.
