<p><em><strong>By Debjit Chakraborty</strong></em></p>.<p>Reliance Industries Limited, helmed by Mukesh Ambani, aims to be among the largest producers of blue hydrogen at a “competitive cost” in its ambitious green-energy transition plan.</p>.<p>The Mumbai-based company will re-purpose a $4-billion (Rs 30,000-crore) plant that currently converts petroleum coke into synthesis gas, to produce blue hydrogen for $1.2-$1.5 (around Rs 90-120) a kilogram, according to a presentation. Blue hydrogen is made using fossil fuels but captures the carbon dioxide formed during its production, and Reliance sees the conversion as a temporary measure until the cost of green hydrogen, produced from the electrolysis of water using renewable energy, becomes competitive. </p>.<p><strong>Also Read — <a href="https://www.deccanherald.com/business/business-news/ambani-s-rs-5l-crore-plan-aims-to-make-india-a-hydrogen-hub-1076131.html" target="_blank">Ambani’s Rs 5L crore plan aims to make India a hydrogen hub</a></strong></p>.<p>“In the interim, till cost of green hydrogen comes down, RIL can be the first mover to establish a hydrogen ecosystem, with minimal incremental investment, in India,” the company said. “Subsequently, as hydrogen from syngas is replaced by green hydrogen, the entire syngas will be converted to chemicals.”</p>.<p>Ambani, who’s built his fortune on fossil fuels, plans to replace sales of road fuels like diesel and gasoline with cleaner alternatives as he seeks to hit a net-zero target for his conglomerate by 2035. The project would compete with international plants such as one proposed in Saudi Arabia, which is also seeking to boost hydrogen production. </p>.<p>Ambani has vowed to produce green hydrogen at $1 per kilogram, a more than 60 per cent reduction from today’s costs, by the turn of this decade. Last month, he announced plans to invest about $75 billion (Rs 5 lakh crore) in renewables infrastructure, which could transform India into a clean-hydrogen juggernaut that’s aligned with Prime Minister Narendra Modi’s mission.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p><em><strong>By Debjit Chakraborty</strong></em></p>.<p>Reliance Industries Limited, helmed by Mukesh Ambani, aims to be among the largest producers of blue hydrogen at a “competitive cost” in its ambitious green-energy transition plan.</p>.<p>The Mumbai-based company will re-purpose a $4-billion (Rs 30,000-crore) plant that currently converts petroleum coke into synthesis gas, to produce blue hydrogen for $1.2-$1.5 (around Rs 90-120) a kilogram, according to a presentation. Blue hydrogen is made using fossil fuels but captures the carbon dioxide formed during its production, and Reliance sees the conversion as a temporary measure until the cost of green hydrogen, produced from the electrolysis of water using renewable energy, becomes competitive. </p>.<p><strong>Also Read — <a href="https://www.deccanherald.com/business/business-news/ambani-s-rs-5l-crore-plan-aims-to-make-india-a-hydrogen-hub-1076131.html" target="_blank">Ambani’s Rs 5L crore plan aims to make India a hydrogen hub</a></strong></p>.<p>“In the interim, till cost of green hydrogen comes down, RIL can be the first mover to establish a hydrogen ecosystem, with minimal incremental investment, in India,” the company said. “Subsequently, as hydrogen from syngas is replaced by green hydrogen, the entire syngas will be converted to chemicals.”</p>.<p>Ambani, who’s built his fortune on fossil fuels, plans to replace sales of road fuels like diesel and gasoline with cleaner alternatives as he seeks to hit a net-zero target for his conglomerate by 2035. The project would compete with international plants such as one proposed in Saudi Arabia, which is also seeking to boost hydrogen production. </p>.<p>Ambani has vowed to produce green hydrogen at $1 per kilogram, a more than 60 per cent reduction from today’s costs, by the turn of this decade. Last month, he announced plans to invest about $75 billion (Rs 5 lakh crore) in renewables infrastructure, which could transform India into a clean-hydrogen juggernaut that’s aligned with Prime Minister Narendra Modi’s mission.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>