By PTI | New Delhi
The price of green hydrogen – the zero-emission fuel produced from splitting water – has fallen by more than USD 1 per kg in the tenders floated by state-owned oil companies like Indian Oil Corporation (IOC), Oil Minister Hardeep Singh Puri said on Thursday.
From USD 5.5 per kg, the price of green hydrogen – which can be used to replace coal or natural gas in steel, cement, and chemical production as well as fossil fuel-derived grey hydrogen in refineries and ammonia production – has come down to USD 4.4-4.5 per kg in the latest tenders.
In a tender floated by IOC for a 10,000 tonnes per annum green hydrogen production at the firm’s Panipat refinery in Haryana, Larsen & Toubro offered a tax-inclusive price of USD 4.5 for 25 years, he said at the World Hydrogen India conference of S&P Global here.
