Gensol Engineering Ltd and Matrix Gas & Renewables have secured a project to build a Green Hydrogen-powered steel production facility in India. This project is part of three pilot initiatives sanctioned under the National Green Hydrogen Mission, led by MECON in collaboration with the Ministry of Steel (MoS) and the Ministry of New and Renewable Energy (MNRE).
The facility, with a total capital expenditure of Rs 321 crore, will operate using 100% Green Hydrogen and employ direct reduced iron (DRI) technology, replacing fossil fuels to reduce CO₂ emissions in steel production. The project has received a 50% capital expenditure incentive from the Government of India as part of its efforts to reduce the carbon footprint of the steel industry.
The consortium for this pilot project includes the Indian Institute of Technology Bhubaneswar and Sweden’s Metsol AB. Matrix Gas & Renewables will manage the project from land acquisition through to installation and commissioning. The facility is designed to produce 50 tonnes of steel per day.
In a statement, Matrix’s Director, Chirag Kotecha, noted the significance of the project for advancing renewable energy in India’s steel sector.
The facility is one of several initiatives aimed at exploring the potential of Green Hydrogen in industrial applications.