India designates Kandla, Paradip, Tuticorin as Export Hubs

04 Oct 2023 CW Team

The Ministry of Shipping and Ports has identified three crucial ports?Kandla, Paradip, and Tuticorin?as focal points for the export of green hydrogen, green ammonia, and green methanol within the next seven years. The move is aimed at expediting India's goal of becoming a significant player in the global hydrogen market. The main objective now is to establish essential infrastructure at these ports, enabling the storage, handling, and bunkering of these environmentally friendly fuels and their derivatives. India's ambitious target is to create a capacity for exporting approximately 5 million tonne of green hydrogen and its derivatives annually by 2030. This strategic initiative is in line with the goals set forth in the National Green Hydrogen Mission, which aims to tap into hydrogen's potential in various industrial sectors, including fertilizers and petrochemicals. Moreover, hydrogen derivatives, serving as a low-carbon fuel alternative, have significant potential in transportation sectors such as shipping, metro rail, and trains. The Odisha government is presently in the process of allocating land near Paradip Port to manufacturers specialising in green hydrogen and its derivatives. The port authority also plans to develop shared infrastructure facilities for the green hydrogen project, including the dedicated handling of ammonia and its derivatives. To support these endeavours, a grant of Rs 3.25 billion has been requested from the Ministry of Shipping.

Real Estate

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