Sterlite Technologies and Hygenco Partner for Maharashtra's First Green Hydrogen Plant for Optical Fibre
Key Ideas
- Sterlite Technologies collaborates with Hygenco to establish Maharashtra's first green hydrogen and oxygen production facility, aiming to supply green hydrogen to Sterlite's glass preform plant.
- The partnership's goal is to achieve Net Zero by 2030, with Sterlite Tech becoming one of the first optical fibre manufacturers to use 100% green hydrogen in its production processes.
- Hygenco will build, own, and operate the green hydrogen plant, ensuring a reliable and commercially viable supply for 20 years while aiming to reduce carbon emissions by approximately 30% annually.
- Sterlite Technologies' CEO expressed pride in the collaboration, highlighting the company's commitment to sustainability and operational excellence in the optical fibre industry through decarbonization efforts.
Sterlite Technologies Limited has joined forces with Hygenco to establish Maharashtra's inaugural green hydrogen and oxygen production facility in Chhatrapati Sambhaji Nagar, India. This collaboration is pivotal for the optical fibre industry as it sets a new standard in sustainable manufacturing. The facility will provide green hydrogen to Sterlite's glass preform plant, marking a significant step towards using 100% green hydrogen in production processes. With a vision to achieve Net Zero by 2030, Sterlite Tech aims to lead the way in decarbonizing industrial operations. Hygenco, the partner in this initiative, will oversee the construction and operation of the green hydrogen plant for the next two decades, ensuring a consistent and economically feasible supply. The collaboration between Sterlite Technologies and Hygenco is expected to slash carbon emissions by around 30% annually. This move is not only environmentally conscious but also economically significant, showcasing the potential of green hydrogen to revolutionize India's sustainability journey. Sterlite Technologies' CEO emphasized the strategic importance of this partnership in advancing the optical fibre industry towards green manufacturing practices. With a shared commitment to sustainability and innovation, the collaboration between Sterlite Technologies and Hygenco represents a transformative shift towards a greener, more sustainable future in the energy sector.
Topics
Investing
Sustainability
Energy Transition
Green Technology
Manufacturing
Decarbonization
Collaboration
Optical Fibre
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