The port is planning to establish a green hydrogen plant with a daily capacity of 10 tonnes to gain experience in generating, storing, transporting, transmitting and bunkering green hydrogen and its derivatives such as green ammonia and methanol.
The plant will be established on 1,500 acres at Hare Island, surrounded by the sea on three sides and has very little human activity, making it an ideal location for hydrogen generation and storage, said the port's chairman, T K Ramachandran.
The port is already on its way to becoming the first 100% green port in the country, with its wind and solar power projects nearing completion.
This story is from the March 23, 2023 edition of The New Indian Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 23, 2023 edition of The New Indian Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
CAPTURING BEACHSIDE MOMENTS
A trip to hill top, an evening jaunt to the beach, a campfire near a river side, or an off-grid summer vacation, were considered a luxury a few decades ago.
South Asian Jr athletics C'ship starts today
INDIA'S Sharuk Khan will spearhead India's challenge at the three-day fourth South Asian Junior Athletics Championships starting Wednesday here at the Jawaharlal Nehru Stadium.
More Indians breaking into top: Anand
Five-time world champ, who will be in action for Ganges Grandmasters in Global Chess League, opens up about Gukesh vs Liren final, India's Olympiad chances & what he misses most. Swaroop Swaminathan took notes...
'Scrapping old cars helps grow vehicle sales'
ROAD transport and highways minister Nitin Gadkari on Tuesday said that an increase in scrapping of old vehicles can help the automobile industry to grow its sales of new vehicles by 18-20%.
Carlyle to write off $40 million of lease arrears, says SpiceJet
CARLYLE Group's commercial aviation investment and servicing unit will write off $40.2 million of SpiceJet's lease arrears and convert $30 million of its arrears into equity, the Gurugram-based airline said on Tuesday.
Revenue up 412% from higher tax on online gaming
Cletics START DESPITE the initial backlash from the industry, there has been a remarkable 412% increase in revenue from the higher tax on online gaming.
Equity fund inflows up 3% to ₹38K cr in Aug
THE heavy demand for smallcap and mid-cap funds buoyed the open-ended equity mutual fund inflows by 3.03% to 38,239 crore in August, pushing the industry-wide assets under management well past the ₹66.7 lakh crore mark in the reporting month, up from ₹64.96 trillion in the previous month.
Card transactions may see stricter disclosures
WITH the Financial Action Task Force (FATF) pushing for more disclosures for cross-border wire transfers, the Indian government says it won't adopt stricter norms at the cost of ease of doing business.
'See JFSL's loan biz entry as opportunity for partnership'
THE entry of Jio Financial Services (JFSL), a Reliance Industries group company, would only help boost credit growth in the country, says YS Chakravarti, CEO of Shriram Finance, the country's second largest Non-banking Financial Company (NBFC).
India has capability to become trusted partner in semicon supply chain: Modi
PRIME Minister Narendra Modi on Tuesday said India has the capability to become a trusted partner in a diversified semiconductor supply chain.
