Statkraft, Deendayal MoU for green hydrogen at Kandla port
PORTS & SHIPPING

Statkraft, Deendayal MoU for green hydrogen at Kandla port

Renewable energy developer Statkraft and Deendayal Port Authority (DPA) signed a nonbinding MoU to work on suitable sites for setting up green hydrogen production at Kandla port, Gujarat. India currently consumes about seven million tonnes of grey hydrogen per year, making it the world’s ...

Renewable energy developer Statkraft and Deendayal Port Authority (DPA) signed a nonbinding MoU to work on suitable sites for setting up green hydrogen production at Kandla port, Gujarat. India currently consumes about seven million tonnes of grey hydrogen per year, making it the world’s second-largest hydrogen consumer. The country’s current hydrogen demand is expected to reach 12 million tonnes by 2030 and about 28 million tonnes by 2050. India’s commitment to reach net zero by 2070, announced during the 26th UN Climate Change Conference, will increase green hydrogen demand in one of the fastestgrowing economies in the world. Contact: Statkraft Website: www.statkraft.com

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