Union Minister of Steel inaugurates India’s 1st Green Hydrogen Plant in Stainless Steel Sector
This project to be the world’s first off-grid Green Hydrogen plant for the
stainless steel industry and the world’s first Green Hydrogen plant with
rooftop & floating solar
India's rich history of environmentalism, deeply embedded in its traditions and
practices, now being revitalized through modern strategies: Jyotiraditya M
Scindia
Green growth and Green jobs to drive India’s journey towards the target of net
zero carbon emission by 2070
Union Minister urges industry stakeholders to enthusiastically adopt clean
technologies, & actively participate in India's transformative journey
towards a greener economy
The next era of growth belongs to India and within India, to the steel
industry: Union Minister, Jyotiraditya M Scindia
Steel and Civil Aviation, Jyotiraditya M Scindia,
today virtually inaugurated India's 1st Green
Hydrogen Plant in Stainless Steel Sector located
at Jindal Stainless Limited, Hisar. The inauguration also witnessed the
presence of Secretary, Ministry of Steel, Nagendra Nath Sinha, Managing
Director (Jindal Stainless Limited), Abhyuday Jindal, Founder, Hygenco Amit Bansal,
and other officials of the Ministry of Steel.
The Union Minister of Steel highlighted India's
commitment to a green and sustainable future, emphasizing the need for
responsible economic progress in the post-COVID era. “As the world strives to
recover from the pandemic's aftermath, India is steadfast in its resolve to
contribute to global environmental goals”, he added.
India emerging as a Green leader
The Minister mentioned that India's rich history of
environmentalism, deeply embedded in traditions and practices, is now being
revitalized through modern strategies. The country is making significant
strides in tackling climate change with initiatives like the Panchamrit (five fold strategy to fight climate change) and Mission LiFE (a worldwide
effort dedicated to supporting eco-friendly lifestyle and protecting the
environment), showcasing a holistic approach to development that balances both
nature and human prosperity. “As a government we are encouraging companies,
citizens, and state governments to focus on "green growth" and
"green jobs" to achieve the target of net zero carbon emission
by 2070.”, he added.
National Green Hydrogen Mission transforming
India's Steel Industry
The Minister also highlighted India's progress in
the steel sector, evolving from a net importer to a net exporter and aiming to
become the world's largest producer of crude steel. One key initiative in this
journey is the National Green Hydrogen Mission (NGHM),
launched last year with an outlay of around ₹20,000 crore with an aim to
make India a Global Hub for production, usage and export of
Green Hydrogen and its derivatives. The Mission is also supporting pilot
projects in the steel sector with a budget of around ₹500 crore until FY
2029-30.
“Allocation of 11% additional outlay for
infrastructure development in this year’s Interim Union Budget also reflects
the importance the government attaches to sectors crucial for growth.”, the
Union Minister mentioned while highlighting the benefits industry accrue from
the government’s push towards sustainability solutions, including
infrastructure spending.
Green Hydrogen Milestone: Industry Transformation
While congratulating Hygenco and Jindal Stainless,
for the commissioning of India's first long-term off-take green hydrogen plant,
the Union Minister mentioned that this innovative green hydrogen project
seamlessly aligns with the government's vision for a cleaner and more
sustainable future. “The project not only aligns with the government's vision
but also creates valuable employment opportunities, showcasing the potential of
responsible industrial practices.”, he added. The Minister urged other industry
stakeholders to enthusiastically adopt clean technologies, actively
participating in India's transformative journey towards a greener economy and
fostering a conscientious industrial landscape.
The Minister highlighted the government's readiness
to initiate robust national green policies, 13 task forces to
identify action points for each aspect of green steel production,
and implementation of Steel Scrap Recycling Policy for
enhancing the availability of domestically generated scrap.
“The need of the hour, therefore, is for
stakeholders to come together to build a globally competitive as well as
sustainable steel industry.” the Minister said
while emphasizing the monumental significance of energy transition in this new
world order, and stating unequivocally that the next era of growth belongs to
India and, within India, to the steel industry.
It will be the world’s first off-grid Green
Hydrogen plant for the stainless-steel industry and
the world’s first Green Hydrogen plant with rooftop
& floating solar. This project is also a state-of-the-art green hydrogen
facility with a target to reduce carbon emissions considerably by around 2,700
Metric Tonnes per annum and 54,000 tons of CO2 emissions
over next two decades.