Indian state approves green hydrogen-based ammonia and methanol plants worth $5bn
The government of Odisha has also given the rubber stamp for investment into 80,000 tonnes of new ammonia storage capacity
The state of Odisha in eastern India has approved investment proposals for four green hydrogen production projects worth a combined 458.6bn rupees ($5.5bn).
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Two of these projects aim to ultimately produce vast quantities of ammonia.
This plant is expected to cost 138.6bn rupees ($1.66bn), or 19.5% of the cost of the Neom green ammonia project in Saudi Arabia, which is nearly twice the size.
Similarly, an Indian green-hydrogen-focused subsidiary of Singaporean energy firm Sembcorp has received approval for a 720,000 tonnes-a-year green ammonia project at the Tata Steel Special Economic Zone in Gopalpur expected to cost even less, at 130bn rupees ($1.56bn).
Meanwhile, ReNew E-fuels Private Limited (REFPL), a special purpose vehicle set up by Indian renewable energy giant ReNew, has received approval for two green hydrogen-based methanol plants.
The first in Malkangiri, capable of producing 100,000 tonnes of hydrogen as feedstock for 500,000 tonnes of methanol a year, is expected to cost around 100bn ($1.2bn) rupees.
Further details on these ammonia and methanol projects, including whether they will seek offtake from domestic markets or target exports, are yet to be disclosed.