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Gensol-Matrix Consortium to Develop India’s First Green Hydrogen Steel Plant

A consortium led by Gensol Engineering Limited and Matrix Gas & Renewables has been awarded a contract to develop India’s first green hydrogen-powered steel facility, the companies said. The project, estimated to cost Rs. 3.21 billion ($38.5 million), will receive 50% capital expenditure support from the Government of India.

 

The facility, one of three pilot projects sanctioned under the National Green Hydrogen Mission, will have a production capacity of 50 tons per day. It will use direct reduced iron vertical shaft technology to convert iron ore into sponge iron, eliminating CO? emissions by replacing traditional fossil fuels with green hydrogen.

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