Context:
Recently, the Union Minister for Steel and Civil Aviation inaugurated India’s first Green Hydrogen Plant in the Stainless Steel Sector at Jindal Stainless Limited (JSL), Hisar, Haryana.
- The green hydrogen will be used by JSL in stainless steel manufacturing processes at the Hisar unit.
- India’s progress in the steel sector, evolving from a net importer to a net exporter and aiming to become the world’s largest producer of crude steel was highlighted.
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What is Green Hydrogen?
Green Hydrogen is produced using electrolysis of water with electricity generated by renewable energy.
About First Green Hydrogen Plant in India
- It will be the world’s first green hydrogen plant with rooftop & floating solar equipment.
- Aim: To reduce carbon emissions by around 2,700 metric tonnes per annum and 54,000 tonnes of CO2 emission over 20 years.
- Location: Hisar, Haryana.
- Collaboration: between Jindal Stainless Ltd and Hygenco.
- BOO Model: Hygenco is operating the plant under the Build-Own-Operate (BOO) model.
Build Own Operate (BOO): It is a Public Private Partnership (PPP) model for private investment in infrastructure projects
- Ownership of the newly built facility rests with the private party.
- On mutually agreed terms and conditions, the public sector partner agrees to ‘purchase’ the goods and services produced by the project.
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- Decarbonization in Steel Production: Green hydrogen serves as a cleaner alternative to traditional methods.
- Reducing Carbon Emissions: Reduce the carbon footprint but also diversify the energy mix and enhance energy security.
Green Hydrogen can reduce carbon emissions in blast furnaces by almost 20%.
- Enhanced Energy Efficiency: can revolutionise the steel sector in India and set a benchmark for sustainable practices across the globe.
- Green Jobs: It will promote “green growth” and “green jobs” to achieve the target of net zero carbon emission by 2070.
Also Read: National Green Hydrogen Mission
News Source: AIR