New Delhi, Jun 19 (PTI) Unlocking green hydrogen demand at scale is critical to achieving the goal of 5 million metric tonnes production by 2030, said a new joint report by Bain & Company, CII and Rocky Mountain Institute.
The report 'From Promise to Purchase: Unlocking India's Green Hydrogen Demand' was released on Thursday at CII International Business Conclave on green hydrogen.
India has set a bold near-term milestone of creating 5 million metric tonnes (MMT) of green hydrogen production capacity by 2030.
However, the report stated that unlocking green hydrogen demand at scale is critical to achieving this vision.
The report has been done through collaboration between Bain & Company, the Confederation of Indian Industry (CII) and Rocky Mountain Institute (RMI). It lays out a potential pathway to make this vision a reality.
The study stated that India can achieve its 5 MMT green hydrogen target through measured blending, strategic sector selection, leveraging public procurement, and aligning with export opportunities.
According to the report, demand for green hydrogen is expected to reach up to 2 million metric tonnes (MMT) from oil refining, 0.9 MMT from the fertiliser sector, and 0.1 MMT from piped natural gas by 2030. Niche sectors such as chemicals, glass, and ceramics could contribute approximately 0.07 MMT, while public procurement of green steel could unlock up to 0.6 MMT of demand.
