[ad_1]
NEW DELHI: As the world and India embark on decarbonisation initiatives, the only carbon-free fuel that can help achieve zero emission targets is hydrogen, said VK Saraswat, member of NITI Aaiog on the second day of ET EnergyWorld’s annual gas conclave on Tuesday.
The green hydrogen policy has given guidelines for hydrogen production, storage and the country should undertake carbon storage and sequestration, Saraswat added.
Anurag Pandey, Vice President, Hydrogen Value Chain, New Energy, Reliance Industries Ltd, who also attended the conclave, highlighted the need to focus on the safety, storage and transportation of hydrogen. He said storage and infrastructure will be another challenge to hydrogen adoption.
Central government initiatives must create demand, felt NTPC, the country’s leading power company.
“India needs to be the center of hydrogen growth in the world and the hydrogen consumption commitment under the Green Hydrogen Policy will create demand,” said Mohit Bhargava, Chief Executive Officer, NTPC Renewable Energy. He added that hydrogen in the current context is more useful for industrial purposes.
ACME Group Chief Executive Officer Sandeep Kashyap said his company has signed MoUs with three Indian states on green ammonia, green hydrogen. Kashyap said the low-hanging fruit to be used to address hydrogen demand is the fertilizer sector.
“Green hydrogen will make India energy independent,” said Bimal Jindal, Head of Green Energy Development, L&T. The CEO of the construction and engineering conglomerate pointed out that there is a global need for electrolyzers and that India needs to make some progress in the production of electrolyzers, Jindal added.
The comprehensive session on LNG focused on disruptions in the global LNG supply chain that have forced consumers to look for cheaper alternatives and the trend is here to stay for some time.
“Many customers are switching to propane, LPG due to higher spot prices of LNG, said Sumit Kishore, Executive Director (Gas Marketing), GAIL India Ltd.
He added, “We are seeing growth in gas consumption in the Indian subcontinent.
Snigdho Majumdar, CEO, Engineers India Ltd, said spot LNG prices are always high and suppliers are not agreeing to long-term LNG supply contracts.
“Some LNG suppliers are looking to reduce their carbon footprint,” says AK Balian, president and director of Carmine Energi Pte.
Most LNG supplies from the U.S. have been diverted following gas disruptions due to the war in Ukraine, Baljan said, adding that the disruption in the gas supply chain is affecting Asian countries and driving up prices.
LNG acts as a bridge fuel to achieve the goal of zero emissions, Majumdar said, and his views were shared by Ashim Sharma, senior partner and group head, business performance improvement consultant (auto, engineering, logistics), Nomura Research Institute.
Sharma said LNG could act as a transitional fuel for heavy trucks.
India needs a multi-modal and multi-fuel strategy, was the consensus among speakers during the discussion on decarbonisation.
“The green hydrogen value chain has several challenges such as availability of water for the production process, said Dr Madhulika Bhati, Principal Energy and Principal Scientist, CSIR.
Steel production accounts for 7% of the total global carbon dioxide emissions and there is a need to look for various interventions to reduce emissions, added Dr Bhati.
There are multiple ways for a country and companies to reach zero emission targets, said Rangan Banerjee, director, IIT Delhi.
“Mobility solutions must now include the automotive, energy and infrastructure sectors with the need for a fast charging network,” added Shankar Venugopal, Vice President, Mahindra & Mahindra.
[ad_2]
Source link
