Gensol Engineering (Gensol) has joined forces with Matrix Gas & Renewables Consortium (Matrix) to spearhead India’s first green hydrogen-powered steel production facility.
The project will see the establishment of the first green steel production facility to utilise 100% green hydrogen as its energy source. This venture is one of three pilot projects endorsed under the National Green Hydrogen Mission, with the support of MECON, the Ministry of Steel (MoS) and the Ministry of New and Renewable Energy (MNRE).
Chirag Kotecha, Whole-time Director of Matrix Gas and Renewables, expressed enthusiasm about the project, stating, “We are proud to lead such a transformative project in India’s steel industry. This facility not only demonstrates our commitment to green hydrogen and sustainable practices but also places us at the forefront of India’s clean energy transition.”
With a total capital expenditure estimated at INR 321 crore (US$38m), the project benefits from a 50% capex incentive from the Government of India.
... to continue reading you must be subscribed
