India leads globally with green hydrogen offtake commitments exceeding 5.5 lakh tonnes per annum MTPA till October this year, a majority of it for exports to countries like Japan, Germany, South Korea, and Sri Lanka, showed official data released today (29 October).
This year, Indian companies signed 18 new offtake agreements for the supply of over four lakh tonnes per annum of green hydrogen equivalent quantity, said the Ministry of New and Renewable Energy.
Since the launch of India’s National Green Hydrogen Mission in 2023, altogether 23 offtake contracts covering about 5.5 lakh tonnes per annum of green hydrogen equivalent have been signed, out of which over 70% are earmarked for exports.
These green hydrogen projects are expected to attract total investments of around Rs90,000 crore (approximately $9.5 billion), according to the ministry.
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 and methanol sectors. It 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 fertiliser production and refining sector to enable industrial decarbonisation.
The National Green Hydrogen Mission (NGHM) was approved by the Indian cabinet with an initial outlay of Rs19,744 crore up to the year 2029-30 with the objective of producing at least 5 million tonnes per annum of green hydrogen by 2030.
Indian enterprises have forged vital strategic partnerships and binding green hydrogen offtake agreements spanning major global markets, including Japan.
ACME Group, India, has signed an offtake agreement for the supply of 4,88,000 tonnes per annum of green ammonia with IHI, Japan. ACME Group has also signed an agreement for supplying 1,00,000 tonnes of green methanol to Mitsubishi Gas Chemical (MGC), Japan.
L&T and ITOCHU, Japan, have formed a Special Purpose Vehicle (SPV) for the supply of 3,00,000 tonnes of green ammonia per annum, with deliveries expected to commence from December 2029.
Reliance Industries Limited (RIL) has entered into a long-term supply and purchase agreement with Samsung C&T Corporation, South Korea, valued at over $3 billion, making it one of the largest green ammonia offtake contracts globally. Deliveries under this agreement are expected to begin by 2028.
Agastya is in the process of offtake for the supply of 2,50,000 tonnes of Green Methanol to SAR, Sri Lanka.
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 ammonia to Germany.
Under this agreement, Hintco will purchase ammonia from AM Green for a minimum value of 585 million euros over ten years. The first deliveries to Germany are expected in 2029.
AM Green has also signed a firm off-take agreement with Uniper, Germany for the supply of 2,50,000 tonnes per annum of green ammonia. AM Green has also signed a binding agreement with Japan’s major power producer JERA for long-term supply of 70,000 tonnes per annum of green ammonia.
Alongside export metrics, substantial domestic demand has been solidified under targeted government frameworks.
Agreements have been signed for the production and supply of 6,70,000 tonnes per annum of green ammonia to 11 fertiliser units spread across the country.
Projects have been awarded for the production and supply of 30,000 tonnes per annum of green hydrogen to four state-owned oil refineries.
