New Delhi, Oct 29 (PTI) A total of 23 domestic entities, including Reliance Industries and AM Green of the Greenko Group, have green hydrogen offtake commitments of over 5.5 lakh metric tonnes per annum, entailing an investment of around Rs 90,000 crore, an official statement said on Thursday.
It is the largest green hydrogen offtake commitments globally, the Ministry of New and Renewable Energy (MNRE) said, adding that a total of 18 agreements have been signed this year so far.
"Till October 2026, Indian companies have signed the world's largest green hydrogen offtake commitments - totalling over 5.5 lakh MTPA -positioning India as the global leader in green hydrogen supply commitments," the ministry said.
Indian companies have signed 18 offtake agreements this year for the supply of over 4 lakh MTPA of green hydrogen equivalent quantity.
Since the launch of the National Green Hydrogen Mission in 2023, altogether 23 offtake contracts covering about 5.5 lakh MTPA of green hydrogen have been signed, out of which over 70 per cent are earmarked for exports.
These green hydrogen projects are expected to attract total investments of around Rs 90,000 crore (approximately USD 9.5 billion), the statement said.
Indian suppliers are offering the world's most competitive prices for green ammonia and green methanol, strengthening India's leading position in European and Japanese markets.
Green ammonia is emerging as a clean bunkering fuel for the global shipping sector. Green ammonia is also being deployed for ammonia co-firing in thermal power plants to reduce carbon emissions.
Worldwide, green hydrogen derivatives are increasingly being adopted in the fertilizer production and refining sector to enable industrial decarbonisation.
Reliance Industries Limited (RIL) has entered into a long-term Supply and Purchase Agreement with Samsung C&T Corporation, South Korea, valued at over USD 3 billion, making it one of the largest green ammonia offtake contracts globally. Deliveries under this agreement are expected to begin by 2028.
AM Green has been selected as the sole winner of the Asian lot in the H2Global auction run by HINT.CO GmbH, securing a long-term purchase agreement for the supply of Renewable Fuels of Non-Biological Origin (RFNBO) ammonia to Germany. Under this agreement, Hintco will purchase ammonia from AM Green for a minimum value of EUR 585 million over a period of 10 years. The first deliveries to Germany are expected in 2029.
AM Green has signed an offtake agreement with Uniper, Germany, for the supply of 2,50,000 MTPA of green ammonia. Also, AM Green signed a binding head of agreement with Japan's major power producer JERA for the long-term supply of 70,000 MTPA of green ammonia.
ACME Group, India, has signed an offtake agreement for the supply of 4,88,000 metric tonnes per annum (MTPA) of green ammonia with IHI, Japan.
ACME Group has also signed an agreement for the supply of 1,00,000 MTPA of green methanol to Mitsubishi Gas Chemical (MGC), Japan.
L&T and ITOCHU have formed a Special Purpose Vehicle (SPV) for the supply of 3,00,000 TPA of green ammonia, with deliveries expected to commence from December 2029.
Agastya is in the process of offtake for the supply of 2,50,000 MTPA of Green Methanol to SAR, Sri Lanka.
Jouno Joules has signed an offtake agreement with Select Energy GmbH for 600 TPD (about 2,19,000 MTPA) of green ammonia.
The National Green Hydrogen Mission (NGHM) was approved by the Cabinet with an initial outlay of Rs 19,744 crore up to the year 2029-30. The objective of the Mission by 2030 is to produce at least 5 million metric tonnes per annum (MMTPA) of green hydrogen.
Further, the expected outcomes of the Mission include RE capacity addition of 125 GW, over Rs 8 lakh crore in total investments, creation of over 6 lakh full-time jobs and aversion of 50 MMT per annum of CO2 emissions.
For the domestic demand, agreements have been signed for the production and supply of 6,70,000 MTPA of green ammonia to 11 fertilizer units spread across the country, under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme of the Mission.
Similarly, under the SIGHT Programme, projects have been awarded for the production and supply of 30,000 MTPA of green hydrogen to the refineries of IOCL, BPCL, HPCL and NRL.
(This story has not been edited by THE WEEK and is auto-generated from PTI)