Essar to set green hydrogen plant , to invest Rs 30,000 crore in Gujarat
Multinational conglomerate Essar Group has plans to invest has plans to invest Rs 30,000 crore in a green hydrogen plant in Jamnagar, Gujarat over the next four years. The group is looking to decarbonise its oil refinery in the UK, construct a green steel plant in Saudi Arabia, and build an LNG and electric ecosystem to decarbonise long-haul heavy trucks.
Essar is also considering an entry into mining of critical minerals, mainly used in electric vehicle batteries, solar panels and wind-turbine magnets and plans to develop 1 gigawatt of hydrogen capacity along with associated green molecules capacity of 1 million tonne per annum in Jamnagar over the next four years.
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