India aims to bring the cost of green hydrogen to parity with grey this decade
FFI partners with Thermax on Indian green hydrogen
The two firms will also explore setting up domestic electrolyser manufacturing facilities
Australia’s Fortescue Future Industries (FFI) has signed a memorandum of understanding with Indian EPC firm Thermax to jointly explore the development of green hydrogen projects and component manufacturing facilities in India. The two firms note that India’s recently approved National Green Hydrogen Mission includes incentives for setting up new manufacturing capacity within the country, which could be used to meet both domestic and international electrolyser and subsystem demand. The government has budgeted $2.43bn towards accelerating the Indian hydrogen sector, with around $2.16bn allocated for domestic green hydrogen production and electrolyser manufacturing. To participate in competitiv
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
11 November 2024
Presidency wants declaration from the talks to include specific measures on enabling hydrogen markets
11 November 2024
Midstream project linking the two regions is gaining momentum after string of MoUs and political backing
