The Indian government is preparing a program to support the production of green hydrogen. The production costs of green hydrogen are thus to be reduced by about a fifth over the next five years. The country thus wants to become a major export player in this area.
The Indian government plans to spend more than two billion dollars to support the production of green hydrogen. The aim of the measure is to reduce production costs, which are expected to drop by up to a fifth over the next five years. The current production price of green hydrogen is between 300 and 400 rupees per kilogram of gas produced.
Just a drop in the ocean
However, the planned support is only a drop in the ocean compared to the total private investments that are to be directed to the production of green hydrogen in the coming years. Their volume is expected to reach about eight trillion rupees by 2030, which translates to about 98 billion dollars.
Focus on export
India plans to export up to 70 percent of its green hydrogen production. Especially South Korea, Japan and the European Union. In addition to green hydrogen, India also wants to focus on the production of green ammonia, for which it expects demand to be just as strong as for hydrogen. Global demand for vegetable hydrogen is expected to exceed 100 million tons per year by the end of this decade.
