APM Terminals Pipavav to develop green hydrogen ecosystem
Published by Poppy Clements,
Assistant Editor
Global Hydrogen Review,
Green hydrogen is a sustainable, renewable energy source produced from water which can be used in industrial processes to replace fossil fuels in transport and as energy storage to replace batteries.
“We expect hydrogen demand to rise sharply over the next two decades, and the series of MoUs signed today will give Pipavav and Gujarat State a first mover advantage, making it a front runner for attracting ongoing investment to make the most of this new global opportunity,” said Mr. Girish Aggarwal, Managing Director of APM Terminals Pipavav.
The three MoU signed by APM Terminals pull together a consortium of local and international partners to set up a 100% green value chain. The agreements will enable the production, transportation by ship, storage and transshipment, and the distribution of hydrogen. This is expected to drive significant volumes at APM Terminals Pipavav, bring associated economic benefits and boost regional employment.
Working together, they will help overcome some of the major bottlenecks, such as long permitting and lead times that can block the complex infrastructure required to safely produce and distribute hydrogen.
APM Terminals signed an MoU with integrated power company, NTPC, and multinational conglomerate, Welspun Group, to develop green hydrogen production and distribution facilities on land provided by the port, for both export and domestic use through various models.
As part of the agreement with NTPC, the project will explore sourcing renewable power from NTPC Green Energy Limited (NGEL).
The production of green hydrogen requires huge amounts of renewable energy which is fully supported by the Gujarat government, which introduced the Gujarat Renewable Energy Policy in 2023. This outlines the ambitious goal of generating 50% of power from renewable sources by 2030.
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/15012024/apm-terminals-pipavav-to-develop-green-hydrogen-ecosystem/
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