The Mangalore Refinery and Petrochemicals Limited (MRPL) has announced its ambitious plan to set up its first green hydrogen unit by 2026.
This decision aligns with global trends focusing on sustainable energy sources and reduction of carbon emissions. In a recent statement, MRPL Executive Director R. Rajkumar highlighted the company’s commitment to environmental sustainability and energy transition. He said the new unit would not only help reduce carbon emissions but also provide a cleaner energy source for various applications.
To achieve this milestone, MRPL is expected to invest heavily in renewable energy infrastructure. This includes setting up solar and wind farms to power the electrolysis process, thus ensuring that the hydrogen produced is entirely green. The company is also exploring potential partnerships with technology providers and renewable energy firms to leverage expertise and accelerate the project.
The Indian government has been supportive of green hydrogen initiatives and has introduced policies aimed at fostering the growth of this sector. Financial incentives, subsidies, and regulatory support are among the measures being taken to encourage companies like MRPL to invest in green hydrogen production. This support is crucial as it helps mitigate the high initial costs associated with setting up the necessary infrastructure.
Once operational, the green hydrogen unit is expected to have a significant impact on MRPL’s overall energy portfolio. It will help diversify the company’s energy mix, reduce dependence on fossil fuels, and open up new revenue streams through the sale of green hydrogen. Furthermore, the success of this project could serve as a model for other companies in India and globally, encouraging wider adoption of green hydrogen technologies.
