Statkraft, Deendayal Port Partner for Green Hydrogen
PORTS & SHIPPING

Statkraft, Deendayal Port Partner for Green Hydrogen

Statkraft, a renewable energy developer, and the Deendayal Port Authority (DPA) have signed a non-binding Memorandum of Understanding (MoU) to explore potential sites for establishing green hydrogen production facilities at Kandla port in Gujarat. The agreement, inked during the Global Maritime India Summit 2023 in Mumbai, marks the initial step in the development of a future green hydrogen hub at Deendayal Port.

India is currently a significant consumer of grey hydrogen, consuming around seven million tonnes annually, making it the world's second-largest hydrogen consumer. As India strives to achieve its net-zero emissions target by 2070, green hydrogen demand is expected to increase in one of the world's fastest-growing economies. This transition will play a vital role in reducing greenhouse gas emissions, particularly in hard-to-abate sectors such as steel, cement, and refineries. Green hydrogen can serve as a sustainable alternative to gray hydrogen, coal, and natural gas in various applications. India's hydrogen demand is projected to reach 12 million tonnes by 2030 and approximately 28 million tonnes by 2050, further emphasising the significance of green hydrogen in the nation's energy landscape.

Statkraft, a renewable energy developer, and the Deendayal Port Authority (DPA) have signed a non-binding Memorandum of Understanding (MoU) to explore potential sites for establishing green hydrogen production facilities at Kandla port in Gujarat. The agreement, inked during the Global Maritime India Summit 2023 in Mumbai, marks the initial step in the development of a future green hydrogen hub at Deendayal Port. India is currently a significant consumer of grey hydrogen, consuming around seven million tonnes annually, making it the world's second-largest hydrogen consumer. As India strives to achieve its net-zero emissions target by 2070, green hydrogen demand is expected to increase in one of the world's fastest-growing economies. This transition will play a vital role in reducing greenhouse gas emissions, particularly in hard-to-abate sectors such as steel, cement, and refineries. Green hydrogen can serve as a sustainable alternative to gray hydrogen, coal, and natural gas in various applications. India's hydrogen demand is projected to reach 12 million tonnes by 2030 and approximately 28 million tonnes by 2050, further emphasising the significance of green hydrogen in the nation's energy landscape.

Next Story
Infrastructure Urban

bauma Inspires Progress

bauma reaffirmed its position as the heartbeat of the construction machinery industry. With 6,00,000 visitors and 3,601 exhibitors, the event spotlighted sustainability and digitalisation. Amid global challenges, it fuelled optimism, and future-ready solutions...

Next Story
Infrastructure Urban

IMPACCT.Info: AI Powered Business Intelligence

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read the full article Click Here ..

Next Story
Equipment

Better Concrete Handling

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select WellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?