India’s 1st Green Hydrogen Plant in Stainless Steel Sector

India’s first Green Hydrogen Plant in the Stainless-Steel Sector was virtually inaugurated by the Union Minister for Steel and Civil Aviation in Hisar, Haryana.

About the plant:

• This plant aims to reduce carbon emissions by approximately 2,700 Metric Tonnes annually and 54,000 tons of CO2 over the next 20 years.
• It is the world’s first off-grid Green Hydrogen plant for the stainless-steel industry and the first to include both rooftop and floating solar plants.

Abou the steel industry:

• The steel industry, often seen as a barometer for economic development, is crucial as both a raw material and intermediary product, with the Indian steel sector divided into major, main, and secondary producers.
• This sector’s growth is propelled by the domestic availability of raw materials like iron ore and cost-effective labor.

Government initiatives for steel industry:

• The Steel Scrap Recycling Policy 2019 promotes a circular economy and environment–friendly recycling of steel.
• The National Steel Policy 2017, targeting a 300 Million TPA steel production capacity by 2030 with significant contributions from EAF (Electric Arc Furnace) route.
• The Perform, Achieve and Trade (PAT) program, a regulatory instrument to reduce Specific Energy Consumption in energy-intensive industries, complemented by a market-based mechanism for trading excess energy savings.
• 13 task forces were established in 2023 to create a roadmap for green steel in India.