Hydrogen could replace natural gas in India by 2033
pre-market1 source ↓written by the desknot a recommendation
- of steel
- 500 million tonnes
- of steel
- 2047
India may see hydrogen emerge as a viable alternative to natural gas within the next five to ten years, according to a government official. This shift is expected to support decarbonization efforts and enhance global competitiveness, particularly in the steel industry. Significant investment opportunities are anticipated across sectors like defence, automotive, and power.
• Hydrogen prices are declining rapidly.
• The DRI plus Hydrogen route is promising for green steel production.
• India aims for 500 million tonnes of steel by 2047.
Immediate implications may include increased investment interest in green technologies.
Not investment advice. For informational purposes only.