New Delhi [India], October 29 (ANI): India has emerged as the worldwide chief in inexperienced hydrogen provide commitments, with Indian corporations signing agreements masking over 5.5 lakh metric tonnes each year (MTPA) as of October 2026, the Ministry of New and Renewable Energy stated on Thursday.
The milestone comes amid a pointy rise in new agreements, with Indian corporations signing 18 offers masking over 4 lakh MTPA of inexperienced hydrogen equal in 2026 alone.
‘Till October 2026, Indian corporations have signed the world’s largest Green Hydrogen offtake commitments – totalling over 5.5 lakh MTPA -positioning India as the worldwide chief in Green Hydrogen provide commitments,’ the ministry stated.
According to the ministry, Indian corporations have signed 23 provide contracts masking 5,55,610 MTPA of inexperienced hydrogen equal because the launch of the National Green Hydrogen Mission in 2023.
‘Since the launch of the National Green Hydrogen Mission in 2023, altogether 23 offtake contracts masking about 5.5 lakh MTPA of Green Hydrogen equal have been signed, out of which over 70% are earmarked for exports,’ the discharge said.
These commitments characterize roughly 11 per cent of India’s goal of manufacturing at the least 5 million metric tonnes of inexperienced hydrogen yearly by 2030.
The agreements are additionally anticipated to drive substantial investments within the sector.
‘Fulfilling these complete home and worldwide agreements would require combination capital funding exceeding Rs 90,000 Crore (roughly USD 9.5 Billion),’ the ministry added.
The agreements embrace main provide commitments with consumers in Japan, Germany and South Korea.
Reliance Industries has signed a long-term inexperienced ammonia provide contract price over USD 3 billion with South Korea’s Samsung C&T Corporation, with deliveries anticipated to start in 2028.
AM Green has additionally secured a long-term settlement to produce inexperienced ammonia to Germany below the H2Global public sale mechanism, with deliveries anticipated from 2029.
The ministry stated, ‘Indian suppliers are providing the world’s best costs for Green Ammonia and Green Methanol, strengthening India’s main place in European and Japanese markets.’
On the home entrance, agreements have been signed below the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme to produce 6.7 lakh MTPA of inexperienced ammonia to 11 fertiliser models.
Projects have additionally been awarded for supplying 30,000 MTPA of inexperienced hydrogen to refineries operated by IOCL, BPCL, HPCL and NRL.
However, the contracted volumes characterize future provide commitments quite than precise manufacturing.
The National Green Hydrogen Mission, accredited in January 2023 with an preliminary outlay of Rs 19,744 crore, targets annual manufacturing capability of at the least 5 million metric tonnes by 2030 and envisages investments exceeding Rs 8 lakh crore. (ANI)