The union government wants to turn India into a major source of environmentally friendly hydrogen, ammonia, and methanol for the shipping industry. According to R K Singh, the union minister for electricity, new, and renewable energy, India would offer these environmentally friendly fuels at the lowest prices.
"Shipping will become green within the next ten years, therefore we must be ready. We need to become the green ships' preferred place to refuel. That is our goal. Additionally, to give them green hydrogen, ammonia, and methanol at the most affordable prices," Singh said during a seminar on green hydrogen held by NTPC.
Singh, the Centre would launch pilot projects for the storage of green ammonia and green hydrogen for continuous renewable energy. It will cost between Rs. 4.25 and Rs. 5.50 if we have continuous renewable energy using green hydrogen or ammonia storage. Companies that can use green hydrogen or ammonia have already produced turbines; the emphasis now is on duplicating these pilot projects on a bigger scale, according to the minister.
The creation of a Green Hydrogen Innovation Centre (GHIC) to encourage the production, use, and trade of green hydrogen was announced by the International Solar Alliance (ISA). As the international organisation partner of India's G20 Presidency, ISA will create a multifaceted web portal that will serve as "a one-stop platform with access to all relevant knowledge on green hydrogen, country insights, developments in the hydrogen space, global initiatives and missions, skill development, and community engagement," according to a statement released to the public.