India plans to produce 5 million metric tons of renewable hydrogen by 2030 to target a 10% share in global trade, leveraging low-cost loans, available land, and cheap power.
India plans to become a key player in the global renewable ammonia market, aiming to produce 5 million metric tons of renewable hydrogen by 2030 with a 10% share in global trade. Benefits include low-cost loans, readily available land, and cheap power. Despite competition from Japan and South Korea, India's cost advantages and National Green Hydrogen Mission 2023 may help it meet European renewable fuel requirements at lower costs.
May 26, 2024
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