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Petroleum ministry holds consultations with green hydrogen stakeholders

Puri said that when allowed to flourish, green hydrogen will overcome the challenges that were faced by the fossil fuel industry (Bloomberg)Premium
Puri said that when allowed to flourish, green hydrogen will overcome the challenges that were faced by the fossil fuel industry (Bloomberg)

The meeting chaired by the union minister of petroleum and natural gas Hardeep Singh Puri was attended by the minister of state for petroleum Rameswar Teli, seniors officials from the ministry and oil & gas PSUs, and other stakeholders.

NEW DELHI : The union ministry of petroleum and natural gas on Monday held consultations with stakeholders on developing the green hydrogen ecosystem in India.

The meeting chaired by the union minister of petroleum and natural gas Hardeep Singh Puri was attended by the minister of state for petroleum Rameswar Teli, seniors officials from the ministry and oil & gas PSUs, and other stakeholders.

Puri said that when allowed to flourish, green hydrogen will overcome the challenges that were faced by the fossil fuel industry. He said that it will provide momentum to India’s journey towards energy independence by 2047.

“We are spending 12 lakh crores to import the energy. So, we have to push the green hydrogen as an alternative source of energy. India has a huge edge in green hydrogen production, owing to its favourable geographic conditions and presence of abundant natural elements," Puri said.

Describing the hydrogen as the fuel of the future, the minister emphasized on accelerated timeframe for the sector. He said that the oil and gas PSUs have taken a number of pilot projects in the sector, some of which will start showing results this year itself. The minister said that India, being the large growing economy, is going to be the hub of green hydrogen.

The stakeholders deliberated upon ways to develop the entire green hydrogen ecosystem in a way that India is able to realize country’s full potential to create a $12-13 trillion industry by 2050 and transform into a dominant global energy supplier. Various ideas and opportunities were discussed with industry leaders. The participants enumerated the initiatives being taken by them in the sector. Some of them also highlighted the issues, needing to be addressed.

The meeting comes at a time when a comprehensive green hydrogen mission is in the works and is in expected to be announced soon. In February, Centre released the national green hydrogen policy.

ABOUT THE AUTHOR

Rituraj Baruah

Rituraj Baruah is a senior correspondent at Mint, reporting on housing, urban affairs, small businesses and energy. He has reported on diverse sectors over the last six years including, commodities and stocks market, insolvency and real estate. He has previous stints at Cogencis Information Services, Indo-Asian News Service (IANS) and Inc42.
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