India is continuing its ecologically friendly projects, such as green hydrogen, in an effort to begin implementing its promises made at the United Nations Climate Change Summit COP26, which wrapped up its work in the first part of this month.
In this light, the Indian Oil Corporation, which controls the most government refineries, has issued a request for proposals for the building of green hydrogen units with operational durations ranging from 16 to 24 years.
The tender is for the building of two green hydrogen producing units, each with a capacity of 5,000 and 2,000 metric tons per year.
At Mathura, Uttar Pradesh, Panipat, and Haryana, the tender proposes to build hydrogen units in numerous refineries.
According to the BV Magazine website, the state-owned Indian Oil Corporation requires the successful bidder to take over the construction, ownership, and management of the stations.
The green hydrogen produced by the new units will be utilized in the company’s current infrastructure to replace gray hydrogen produced by fossil sources like natural gas.
On a daily and weekly basis, the institution must manufacture green hydrogen utilizing water electrolysis and renewable energy sources.
The developer that wins the tender will be in charge of capital expenditures, operational expenses, and operations and maintenance.
The offer was issued only days after India’s Adani Group announced a $70 billion investment over the next decade, making it the world’s largest renewable energy corporation.
Adani intends to manufacture hydrogen at the lowest worldwide price, with Gautam Adani, the company’s founder and president, seeing this as part of the company’s ambition to make renewable energy a realistic option at accessible pricing.
During the first half of this month, experts in India convened meetings to examine three possibilities for achieving national indicative statistics for green hydrogen generation via electrolysis.
They agreed at the time that finding the requisite funds for these operations would be India’s most pressing task in the future years.
During the COP26 climate summit, the Hydrogen Council stressed the need for the world to manufacture between 120 and 280 million tons of hydrogen per year by 2050 in order to reach carbon neutrality.