Jindal Steel and Power Limited (JSPL) and Jindal Renewables Power Limited (JRPL) signed a Memorandum of Understanding (MOU) to spearhead green hydrogen investment. The partnership highlights a major commitment from both companies toward advancing decarbonization and leading green energy initiatives in India’s steel sector.
Under the MOU, JSPL plans to incorporate green hydrogen into its Direct Reduced Iron (DRI) units at its Angul facility in Odisha. The project marks a significant step towards producing steel with reduced emissions.
The initial phase involves JRPL establishing a green hydrogen production capacity of up to 4,500 tons per year, scheduled to start by December 2025. Additionally, the initiative will include the supply of 36,000 tons of oxygen annually for use in the Angul steelworks.
JRPL will also provide approximately 3GW of renewable energy to JSPL’s operations, which will cut the steelmaker’s reliance on coal-fired energy by 50% over the next 2-3 years.
This shift to green energy is expected to greatly reduce JSPL’s carbon footprint. While JSPL will offer necessary infrastructure and support, JRPL will oversee the development and management of the green hydrogen and renewable energy facilities.
The collaboration underscores a significant push towards decarbonization and positions both companies as leaders in green energy within India’s steel industry.
As reported by theprint.in, through innovative engineering, the MOU aims to not only reduce the cost of green hydrogen production but also secure a sustainable long-term business model by ensuring offtake agreements for the next 25 years.
