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Ocior Energy Plans to Invest Rs 40K Cr in Green Hydrogen

A memorandum of understanding (MoU) was signed by the Gujarat Industries Department and Ocior Energy India to establish a green hydrogen and green ammonia project in the Kutch area with an investment of ₹ 40,000 crores and a production capacity of 1 million tonnes per year.

At Gandhinagar, the MoU was signed by Chief Minister Bhupendra Patel, the Additional Chief Secretary of the Industries Department Kamal Dayani, and the CEO of Ocior Energy, Ranjit Gupta. Gujarat will begin the manufacturing of green hydrogen and green ammonia as well as the required renewable energy project in two stages by 2030. Over 10,400 opportunities for direct and indirect employment are anticipated to be created by the proposed project.

According to Gupta, the initiative will enable the Prime Minister to accomplish his goal of “Made in India, Make for the World,” as ammonia generated in Gujarat will be exported to other countries. The green hydrogen and ammonia facilities that Ocior Energy, which had its beginnings in the United Arab Emirates, designs, constructs, and runs also include the renewable energy facilities required to produce these green fuels.

By 2030, the company wants to design and build 4 GW worth of green hydrogen and green ammonia projects in North Africa, the Middle East, and India. To promote green hydrogen projects, Delhi-based Greenzo Energy India said last December that it will invest $50 million to produce 250 MW of anion exchange membrane electrolyzers annually in Gujarat.

At its AM Naik Heavy Engineering Complex in Hazira, Gujarat, Larsen & Toubro stated in August 2022 that a green hydrogen facility would be put into operation. The plant’s Hazira manufacturing complex would utilise the 45 kg of green hydrogen that would be produced there every day for internal consumption. The National Green Hydrogen Mission, which would promote the demand development, production, use, and export of green hydrogen, was authorised by the Union Cabinet earlier this year with an initial outlay of 19744 Crore.

Source: Mercom India

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