India's ONGC, Greenko Sign MOU for Green Hydrogen Complex

Researched by Industrial Info Resources (Sugar Land, Texas)--State-owned Oil and Natural Gas Corporation Limited (ONGC) New Delhi, India), India's largest crude oil and natural gas company, has decided to venture into the country's green hydrogen space.

ONGC and Greenko Group (Hyderabad, India), an energy transition company, have signed a memorandum of understanding (MOU) to explore renewables opportunities and set up a green hydrogen and derivatives complex in Mangalore, India. The total investment for the complex, including green ammonia production, is expected to be about US$7.35 billion. The complex would be built in two phases.

In the first phase, which is planned to be completed by 2026, ONGC and Greenko would produce green hydrogen and green ammonia using a 400-megawatt (MW) electrolyzer powered by solar and wind energy.

The second phase is planned to be completed by 2029 and would produce green hydrogen and ammonia using a 1-gigawatt (GW) electrolyzer. An air separation unit for nitrogen, a desalination unit for water requirements and hydrogen storage tanks also would be installed. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing project and plant databases can click here for a list of detailed project reports and click here for the related plant profile.

Industrial Info is tracking 409 ONGC capital projects in India, worth US$34.26 billion. Subscribers can click here for the related project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).