India may soon become the Middle East of Green Hydrogen: Report
India may well be on its path to become the Middle East of Green Hydrogen because of its competitive edge coupled with the government's policy efforts. These factors are set to make merchant Green Hydrogen viable and potentially make the country the cheapest Green Hydrogen producer globally. "Given India's very low renewable energy cost advantage, the cost of Green Hydrogen in the country is poised to fall to about one–fourth of global levels of Green as well as Grey Hydrogen to less than $1 per Kilogram, potentially making the country the lowest-cost producer," equity research firm Edelweiss said in a report. It added that the country's National Hydrogen Mission would help achieve these objectives. India is already the third-largest producer and consumer of grey Hydrogen from coal, gas and petroleum products, refineries account for 54 per cent of consumption and fertilizers largely the balance. However, Hydrogen is a "tricky molecule" to handle, especia...