Green Hydrogen and Ammonia Projects
In a transformative move towards sustainable energy, India’s largest state-owned oil and gas company, ONGC, has unveiled plans to invest a staggering 800 billion to 850 billion rupees ($9.6 billion to $10.2 billion) in developing two million tonnes of green ammonia annual production capacity by the year 2035. This strategic initiative signifies a significant shift in the country’s energy landscape, emphasizing ONGC’s commitment to environmentally friendly practices.
The goal is to establish two projects with an annual production capacity of one million tonnes of green ammonia, primarily in collaboration with other industry players. This substantial investment aligns with ONGC’s vision for a greener and more sustainable future.
ONGC had previously entered a memorandum of understanding with renewables developer Greenko in June 2022 to jointly develop a 1.3-gigawatt electrolyzer facility for supplying one million tonnes of green ammonia production a year.
ONGC is actively exploring establishing a one-million-tonnes-a-year renewable NH3 facility in Mangalore, with plans indicating an alliance with an undisclosed partner. While details remain unclear, discussions are in an advanced stage, with a potential joint venture to be formally established within the next three to four months. The anticipated timeline for the green hydrogen and ammonia plants is set for completion by 2027. Initial plants would predominantly utilize alkaline electrolyzers, which are considered the most mature technology. However, future phases might incorporate polymer electrolyte membrane (PEM) technology based on the outcomes and advancements in the initial stages.
Beyond the green hydrogen and ammonia projects, ONGC has a broader vision to invest 1 trillion rupees ($12 billion) in installing 10 gigawatts of renewable energy assets by 2030. This includes 5 gigawatts of wind and solar, 2 gigawatts of pumped storage, and 1 gigawatt of offshore wind.
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