India's Ambitious Green Hydrogen Vision: Unlocking Demand and Export Opportunities
Key Ideas
  • India aims to create 5 MMT of green hydrogen production capacity by 2030, with a focus on stimulating demand through blending, strategic sector selection, and export alignment.
  • Blending green hydrogen into industrial processes like oil refining and fertilizer production could create up to 3 MMT of demand by 2030, with minimal cost increases.
  • Export opportunities in green hydrogen, ammonia, and green steel could contribute another 1.1 MMT of demand, with the potential to tap into global markets and leverage India's renewable energy strength.
  • Industry leaders emphasize the importance of long-term offtake agreements, low-cost finance, and public procurement to drive the widespread adoption of green hydrogen and meet the ambitious 2030 target.
India has set a bold near-term milestone of achieving 5 million metric tonnes (MMT) of green hydrogen production capacity by 2030. A new report stresses the importance of unlocking green hydrogen demand at scale to realize this vision, highlighting potential export opportunities that may generate up to 1.1 MMT in green hydrogen demand. The joint report by Bain & Company, the Confederation of Indian Industry (CII), and Rocky Mountain Institute (RMI) outlines a pathway to stimulate large-scale demand for green hydrogen through policy interventions, strategic sector selection, and export alignment. Blending green hydrogen into current industrial processes like oil refining, fertilizer production, and piped natural gas distribution could create significant demand by 2030. Additionally, exports of green hydrogen, ammonia, and green steel hold promise in contributing to demand. Leveraging public procurement and tapping into global markets are seen as key strategies to drive demand. Industry leaders have welcomed the report, emphasizing the need for long-term agreements, low-cost finance, and input cost optimization to facilitate widespread adoption. The focus remains on balancing supply expansion with demand-side interventions to achieve India's ambitious green hydrogen targets.
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