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 Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000