Govt greenlights pilot projects for Green Hydrogen in shipping sector
PORTS & SHIPPING

Govt greenlights pilot projects for Green Hydrogen in shipping sector

The National Green Hydrogen Mission (NGHM) has received government approval for pilot initiatives focused on decarbonising the shipping sector through the utilisation of green hydrogen, as announced by the Ministry of New and Renewable Energy (MNRE).

This initiative, with a budget of Rs 1.15 billion (~$13.9 million) until the financial year 2025-26, is designed to promote the adoption of green hydrogen and its derivatives as a viable fuel for ship propulsion. The primary objectives include the retrofitting of existing ocean-going and inland waterways vessels with green methanol, green ammonia, or hydrogen fuel cell-based propulsion systems, at a cost of Rs 800 million (~$9.7 million) under Component A. The Shipping Corporation of India (SCI) is committed to retrofitting a minimum of two ships by 2027.

Furthermore, under Component B, the program aims to establish bunkering and refuelling facilities for green hydrogen-based fuels at one port along an international shipping route by 2025. This initiative, costing Rs 350 million (~$4.2 million), will be implemented by the Ministry of Ports, Shipping and Waterways (MoPSW), with the specific port to be identified by MoPSW.

It is crucial to note that the program will exclusively fund the capital expenditures associated with retrofitting vessels and developing bunkering and refuelling facilities at ports. Costs related to green hydrogen production or land will not be covered by the initiative. The pilot projects will be executed through the Ministry of Ports, Shipping and Waterways and designated executing agencies.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The National Green Hydrogen Mission (NGHM) has received government approval for pilot initiatives focused on decarbonising the shipping sector through the utilisation of green hydrogen, as announced by the Ministry of New and Renewable Energy (MNRE). This initiative, with a budget of Rs 1.15 billion (~$13.9 million) until the financial year 2025-26, is designed to promote the adoption of green hydrogen and its derivatives as a viable fuel for ship propulsion. The primary objectives include the retrofitting of existing ocean-going and inland waterways vessels with green methanol, green ammonia, or hydrogen fuel cell-based propulsion systems, at a cost of Rs 800 million (~$9.7 million) under Component A. The Shipping Corporation of India (SCI) is committed to retrofitting a minimum of two ships by 2027. Furthermore, under Component B, the program aims to establish bunkering and refuelling facilities for green hydrogen-based fuels at one port along an international shipping route by 2025. This initiative, costing Rs 350 million (~$4.2 million), will be implemented by the Ministry of Ports, Shipping and Waterways (MoPSW), with the specific port to be identified by MoPSW. It is crucial to note that the program will exclusively fund the capital expenditures associated with retrofitting vessels and developing bunkering and refuelling facilities at ports. Costs related to green hydrogen production or land will not be covered by the initiative. The pilot projects will be executed through the Ministry of Ports, Shipping and Waterways and designated executing agencies.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement