India's First Green Hydrogen Plant in the Stainless Steel Sector | 16 Mar 2024
Recently, the Union Minister for Steel, virtually inaugurated India's 1st Green Hydrogen Plant in the Stainless Steel Sector located at Jindal Stainless Limited, Hisar. It is the world's first off-grid green hydrogen plant dedicated to the stainless steel industry.
- Conventional steel production relies heavily on coal, a major source of greenhouse gasses. This dependence is problematic for India's environmental goals. Green hydrogen offers a cleaner alternative.
- The plant targets a considerable reduction in carbon emissions, aiming to cut around 2,700 Metric Tonnes per annum and 54,000 tons of CO2 emissions over the next two decades.
- Stainless steel is a type of steel alloy that contains a minimum of 10.5% chromium by mass.
- It is known for its exceptional corrosion resistance, making it highly suitable for various applications where durability and resistance to rust and staining are essential.
- India is the world's second-largest producer of crude steel, with an output of 125.32 million tonnes (MT) of crude steel and 121.29 MT of finished steel production in FY23.
- India is also a net exporter of steel witnessing an export of 6.72 MT of finished steel against the import of 6.02 MT in 2022-23.
Read more: Steel Sector, Green Hydrogen