Indian oil and gas giant ONGC in green hydrogen tie-up with Greenko

The partnership will contribute towards India’s target of producing five million tonnes of green hydrogen per year by 2030

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Indian energy giant Oil and Natural Gas Corporation (ONGC) has partnered with renewables major Greenko to jointly purse the production of green hydrogen.

The joint venture intends to pursue opportunities in renewable energy, green hydrogen, green ammonia and other derivatives of green hydrogen.

It is understood the companies intend to develop a green ammonia production and storage facility for export purposes, with the capacity to produce one million green ammonia annually through a hydrogen plant.

The two companies have signed a memorandum of understanding for two years, in line with the government’s National Hydrogen Mission which aims to make India a “global green hydrogen hub”.

The joint effort will contribute towards India’s target of producing five million tonnes of green hydrogen per year by 2030.