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Time of India
09-05-2025
- Business
- Time of India
Domestic hydrogen manufacturers seek purchase obligation to prevent assets from stranding
Representatives from India's Hydrogen manufacturers have requested the centre to introduce Hydrogen Purchase Obligations (HPOs) and Demand Side support for Refineries and Ammonia Plants. A similar approach was adopted for promoting solar and wind energy in the country through renewable purchase obligations (RPOs) on power consumers. In a statement, the India Hydrogen Alliance (IH2A) said it is seeking a 10% HPO for existing plants and 100% HPO for new plants by 2030. This will help achieve the National Green Hydrogen Mission (NGHM) 2030 target of 1.5 million tonnes (MT) green hydrogen for domestic use in India. 'Without HPOs and adequate offtake and demand creation, NGHM 2030 targets and combined hydrogen-related investments worth $ 80 billion are at risk,' IH2A statement said. India's installed electrolyser base is currently less than 40 megawatts (MW) producing 10,600 MTPA of green hydrogen. IH2A said this is less than 1% of NGHM 2030 target of 1.5 MMT for domestic consumption. According to the industry body, without HPOs and Demand Support, planned hydrogen plants and supply projects risk becoming stranded assets. IH2A has proposed HPOs to replace current grey hydrogen industrial offtake with green hydrogen, as feedstock in Refinery and Ammonia sectors, across 47 existing and proposed plants in India, the statement added.
Time of India
09-05-2025
- Business
- Time of India
Domestic hydrogen manufacturers seek purchase obligation to prevent assets from stranding
Representatives from India's Hydrogen manufacturers have requested the centre to introduce Hydrogen Purchase Obligations (HPOs) and Demand Side support for Refineries and Ammonia Plants. A similar approach was adopted for promoting solar and wind energy in the country through renewable purchase obligations (RPOs) on power consumers. In a statement, the India Hydrogen Alliance (IH2A) said it is seeking a 10% HPO for existing plants and 100% HPO for new plants by 2030. This will help achieve the National Green Hydrogen Mission (NGHM) 2030 target of 1.5 million tonnes (MT) green hydrogen for domestic use in India. 'Without HPOs and adequate offtake and demand creation, NGHM 2030 targets and combined hydrogen-related investments worth $ 80 billion are at risk,' IH2A statement said. India's installed electrolyser base is currently less than 40 megawatts (MW) producing 10,600 MTPA of green hydrogen. IH2A said this is less than 1% of NGHM 2030 target of 1.5 MMT for domestic consumption. According to the industry body, without HPOs and Demand Support, planned hydrogen plants and supply projects risk becoming stranded assets. IH2A has proposed HPOs to replace current grey hydrogen industrial offtake with green hydrogen, as feedstock in Refinery and Ammonia sectors, across 47 existing and proposed plants in India, the statement added.
Time of India
08-05-2025
- Business
- Time of India
Domestic hydrogen manufacturers seek purchase obligation to prevent assets from stranding
Tired of too many ads? Remove Ads Representatives from India's Hydrogen manufacturers have requested the centre to introduce Hydrogen Purchase Obligations (HPOs) and Demand Side support for Refineries and Ammonia Plants. A similar approach was adopted for promoting solar and wind energy in the country through renewable purchase obligations (RPOs) on power a statement, the India Hydrogen Alliance (IH2A) said it is seeking a 10% HPO for existing plants and 100% HPO for new plants by 2030. This will help achieve the National Green Hydrogen Mission (NGHM) 2030 target of 1.5 million tonnes (MT) green hydrogen for domestic use in India. 'Without HPOs and adequate offtake and demand creation, NGHM 2030 targets and combined hydrogen-related investments worth $ 80 billion are at risk,' IH2A statement installed electrolyser base is currently less than 40 megawatts (MW) producing 10,600 MTPA of green hydrogen. IH2A said this is less than 1% of NGHM 2030 target of 1.5 MMT for domestic consumption. According to the industry body, without HPOs and Demand Support, planned hydrogen plants and supply projects risk becoming stranded has proposed HPOs to replace current grey hydrogen industrial offtake with green hydrogen, as feedstock in Refinery and Ammonia sectors, across 47 existing and proposed plants in India, the statement added.
Time of India
08-05-2025
- Business
- Time of India
Industry body IH2A proposes 10% hydrogen purchase obligation for existing refinery, ammonia plants
It proposed 100% HPO for new plants by 2030It said $80-bn hydrogen investments at risk without HPOs, demand side supportHPOs for 47 refinery, ammonia plants can create 1.5 MT hydrogen demand by 2030 Mumbai: Industry body India Hydrogen Alliance (IH2A), has made a formal submission to the Government of India proposing 10 per cent hydrogen purchase obligations (HPOs) for existing plants and 100 per cent HPO for new refineries and ammonia plants by 2030, to achieve the NGHM 2030 target of 1.5 MT green hydrogen for domestic use in India. It has submitted that without HPOs and adequate offtake and demand creation, NGHM 2030 targets and combined hydrogen-related investments worth $80 billion were at risk. 'India's installed electrolyser base is currently less than 40 MW producing 10,600 MTPA of green hydrogen, which accounts for less than one per cent of the NGHM 2030 target of 1.5 MMT for domestic consumption… Without HPOs and demand support, planned hydrogen plants and supply projects risk becoming stranded assets,' IH2A said in its official press release. It has proposed HPOs to replace current grey hydrogen industrial offtake with green hydrogen, as feedstock in refinery and ammonia sectors, across 47 existing and proposed plants in India. 'Mandated HPOs can replicate the success of RPOs from the renewable energy sector . Without HPOs and demand support, the combined announced $80 bn hydrogen related investments are at risk,' said Amrit Singh Deo, IH2A Secretariat lead. He added that refineries and fertilizers should have a common hydrogen use and demand roadmap to aggregate demand and procure green hydrogen volumes of at least 10 per cent till 2030. 'Once HPOs are introduced, India can look at the Japan Contract-for-Difference (CfD) framework to part-fund the green hydrogen transition by Refinery and Ammonia sector by 2030, and reduce carbon emissions in these two hard-to-abate sectors,' he said. IH2A said that an additional budget allocation for a $2 billion CfD framework, for refineries and fertilizers, could support the transition of all existing refinery and fertiliser plants to 10 per cent HPO offtake and all new plants to 100 per cent HPO offtake by 2030.
