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TKIL in talks with oil, steel cos for green hydrogen plants
Mint Chennai
|December 21, 2024
TKIL aims for 100 MW electrolyser capacity by 2025 and has allocated ₹1,500-2,000 crore
TKIL Industries Pvt. Ltd is in discussions with oil refining companies and steelmakers to set up green hydrogen-producing units using solar energy at their premises and help them reduce greenhouse gas emissions.
"We have approached oil marketing companies (OMCs) and steel companies and most of them want to do a pilot first. Once there is enough demand, we have kept funds of ₹1,500-2,000 crore for expansion," Vivek Bhatia, managing director and chief executive officer (CEO) of TKIL Industries, told Mint.
"100MW is up for taking...and if someone comes with a 200MW project, we will not say no to them."
The company, formerly known as Thyssenkrupp Industries India Pvt. Ltd, is targeting 100MW of electrolyser capacity by 2025 and plans to scale it up to meet demand. Electrolysers split water into hydrogen and oxygen, and are a critical technology for producing low-emission hydrogen from renewable or nuclear electricity. A 10MW electrolyser can produce 200kg of hydrogen in an hour if it takes 50kWh of energy to produce 1kg of hydrogen.
This story is from the December 21, 2024 edition of Mint Chennai.
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