Gensol Engineering has partnered with Matrix Gas & Renewables Consortium to develop India’s inaugural green hydrogen-powered steel production facility. This project will utilize 100% green hydrogen as its energy source.
Supported by MECON and India’s Ministry of Steel under the National Green Hydrogen Mission, this initiative is one of three pilot projects aimed at promoting green hydrogen in the country. The total capital expenditure for the facility is estimated at INR 321 crore (approximately USD 38 million), with the Government of India providing a 50% capital expenditure incentive.
The facility will employ direct reduced iron (DRI) vertical shaft technology, which is designed specifically for Indian-grade iron ore. By using green hydrogen derived from renewable energy, the project aims to eliminate the carbon dioxide (CO2) emissions commonly associated with traditional sponge iron production.
Chirag Kotecha, Director of Matrix Gas and Renewables, emphasized the project's transformative potential, stating their commitment to sustainable practices and contributing to India’s clean energy transition. The pilot plant is expected to produce 50 tons per day of steel.
India is actively pursuing green hydrogen initiatives, with plans to produce five million tons annually by 2030. The steel sector, a major contributor to the country’s carbon emissions, could see its emissions reduced by up to 50% or more by adopting green hydrogen technologies, aligning with India’s climate objectives.
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