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In a bid to accelerate their energy transition plans and ensure the adoption of green hydrogen in a comprehensive manner, state-owned oil marketing companies (OMCs) are expected to soon submit a joint road map for the sector, officials said.
The Ministry of Petroleum and Natural Gas Ministry has asked for the detailed plan being submitted before the upcoming national budget, the officials said.
Public-sector undertakings (PSUs) under the ministry target to produce more than 1 million tonnes (mt) of green hydrogen by 2030. However, despite forging private sector partnerships, and issuing tenders, work on no green hydrogen production unit has taken off so far.
"There is a need to bring together different stakeholders and make a plan to raise funds and start capex in a cohesive manner. Given that the OMCS are among the largest companies in India aiming to step into the green hydrogen economy, it would be better if there is a unified approach," an official said.
This story is from the June 21, 2024 edition of Business Standard.
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This story is from the June 21, 2024 edition of Business Standard.
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