India’s hydrogen demand seen to be at 12 mtpa by 2030

India’s hydrogen demand is poised to double to nearly 12 million tonnes per annum (mtpa) by 2030, according to a Nuvama Institutional Equities report. The expected rise comes mainly from fertiliser, refining and petrochemical sectors. The report says that fertilisers will make up more than half of this demand, reaching about 6.1 mtpa by 2030, while refineries may need about 4.5 mtpa. Petrochemicals could add another 1.3 mtpa as new capacity comes up. GH2 (green hydrogen) uptake in steel, long-haul heavy-duty transportation, shipping and power could emerge as GH2-consuming sectors in the long term, it said. This window of policy support creates a strong opportunity for industry participation. Even with this push, cost remains the main barrier. Green hydrogen today costs $3.5-4 per kg, while grey hydrogen costs about $2.2 per kg, as per a report.

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