Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Numaligarh Refinery Limited (NRL) is preparing to integrate green hydrogen generation into its operations in a significant step towards sustainable energy, with the goal of achieving net-zero emissions by 2030. The refinery has announced intentions to install hydrogen electrolyzers and produce green hydrogen by mid-2025.
"We are currently in the process of implementing a project that will initially produce 2.4 KTPA of green hydrogen. Our goal is to increase this capacity to 20 KTPA by 2030," said Bhaskar Jyoti Phukan, Managing Director of NRL. This initiative is a part of NRL's broader strategy to reduce its carbon footprint and contribute to the global energy transition.
NRL, which processes three million tonnes of crude oil a year, emphasised the importance of the project in light of the refinery's growth. The refinery's hydrogen demand is expected to increase from 148 KTPA to 238 KTPA, necessitating using green hydrogen to satisfy this spike effectively.
Despite not signing any new Memorandums of Understanding (MOU) during the India Energy Week (IEW), NRL has recently partnered with NTPC to construct a second bio-refinery in Bongaigaon. This collaboration stems from NRL's successful venture into converting bamboo into ethanol at its Numaligarh bio-refinery, marking a first of its kind worldwide.
"The project, which converts bamboo into ethanol, is expected to produce around 50,000 metric tonnes of ethanol annually, utilizing approximately 300,000 metric tonnes of bamboo. This not only supports local bamboo growers financially but also contributes to producing high-value products like Purple rel and green acetic acid," Phukan elaborated.
With an eye towards future expansion and the integration of green technologies, NRL is exploring funding avenues, including a potential Initial Public Offering (IPO) in 2025. "The funding will support our transition to green hydrogen, carbon capture technologies, and our expansion projects, reinforcing our commitment to a sustainable energy ecosystem," Phukan concluded, highlighting NRL's proactive approach in aligning with India's green energy ambitions.
Also Read : Aether Industries to commission 15 MW solar power plant in Gujarat's Bharuch Govt to take decision on Hindustan Zinc OFS after testing market