Important for IAS~IFoS Prelims, CDSE & AC(CAPF) Exam
IOC, L&T, ReNew announce joint venture for Indian green hydrogen Project
🖊 State-run Indian Oil Corporation (IOC), engineering and construction major Larsen & Toubro (L&T), and renewable energy player ReNew Power have announced a joint venture (JV) company to develop the nascent green hydrogen sector in India.
🖊 India plans to produce 5 million tonnes of green hydrogen by 2030.
🖊 Both these JVs aim to enable the nation’s ‘Aatmanirbhar Bharat’ mission to rapidly build, expand, and bring in economies of scale to make green hydrogen a cost-effective energy carrier and a chemical feedstock for many sectors
🖊 Under this agreement L&T’s stronghold in executing, designing, and delivering procurement, engineering, and construction projects, ReNew expertise in developing renewable energy solutions, and Indian Oil’s expertise in petroleum refining will be clubbed together to form the joint venture company.
🖊 This company will be focusing on developing green hydrogen projects with the aim of supplying Green Hydrogen at an industrial scale across the country.
🖊 Hydrogen is a clean fuel that, when consumed in a fuel cell, produces only water
🖊 Hydrogen can be produced from a variety of domestic resources, such as natural gas, nuclear power, biomass, and renewable power like solar and wind
🖊 Hydrogen fuel can be produced through several methods like :-
🖊 THERMAL PROCESSES
🖊 ELECTROLYTIC PROCESSES
🖊 SOLAR-DRIVEN PROCESSES
🖊 BIOLOGICAL PROCESSES
🖊 The Union Budget for 2021-22 has announced a National Hydrogen Energy Mission (NHM) that will draw up a road map for using hydrogen as an energy source.
🖊 India’s ambitious goal of 175 GW by 2022 got an impetus in the 2021-22 budget which allocated Rs. 1500 crore for renewable energy development and NHM.
🖊 The usage of hydrogen will not only help India in achieving its emission goals under the Paris Agreement
Type of Hydrogen:
🖊 Grey Hydrogen:
Constitutes India’s bulk Production.
Extracted from hydrocarbons (fossil fuels, natural gas).
By product: CO2
🖊 Blue Hydrogen:
Sourced from fossil fuels.
By product: CO, CO2
By products are Captured and Stored, so better than grey hydrogen.
- Generated from renewable energy (like Solar, Wind).
- Electricity splits water into hydrogen and oxygen.
- By Products : Water, Water Vapor
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