More than 70 per cent of India’s 5.56 lakh MTPA in signed green hydrogen offtake commitments are earmarked for exports, while government schemes are building domestic demand from fertiliser makers and refineries
India has secured firm green hydrogen offtake commitments of 5,55,610 metric tonnes per annum (MTPA) as of October 2026, with the agreements expected to attract investments exceeding Rs 90,000 crore, according to data released by the Ministry of New and Renewable Energy.
More than 70 per cent of the contracted volumes are earmarked for exports, positioning Indian suppliers to serve growing demand for low-carbon fuels in international markets.
Indian companies signed 18 new offtake agreements in 2026 for more than 4 lakh MTPA of green hydrogen equivalent, taking the total number of signed contracts since the launch of the National Green Hydrogen Mission in 2023 to 23.
The commitments account for approximately 11 per cent of the mission’s target of producing at least 5 million metric tonnes of green hydrogen annually by 2030.
The government said Indian suppliers are offering competitive prices for green ammonia and green methanol, with European and Japanese markets emerging as key destinations.
These derivatives are being adopted in sectors such as fertilisers, refining and shipping, while green ammonia is also being considered for co-firing in thermal power plants to reduce carbon emissions.
Export Deals Drive Demand
Several Indian companies have signed agreements with international buyers for green ammonia and green methanol supplies. ACME Group has entered into an agreement with Japan’s IHI for the supply of 4,88,000 MTPA of green ammonia and another agreement with Mitsubishi Gas Chemical for 1,00,000 MTPA of green methanol.
Larsen & Toubro and Japan’s ITOCHU have formed a special purpose vehicle for supplying 3,00,000 tonnes per annum of green ammonia, with deliveries expected to begin in December 2029.
Reliance Industries has also signed a long-term supply and purchase agreement with South Korea’s Samsung C&T Corporation, valued at more than USD 3 billion, with deliveries expected to start in 2028.
AM Green has secured a long-term purchase agreement to supply renewable ammonia to Germany under the H2Global auction. The agreement carries a minimum value of approximately USD 652 million over 10 years.
Other agreements include Jouno Joules’ offtake arrangement with Germany’s Select Energy for 600 tonnes per day of green ammonia, equivalent to around 2,19,000 MTPA. Agastya is also in the process of an offtake arrangement to supply 2,50,000 MTPA of green methanol to Sri Lanka’s SAR.
Domestic Demand Builds
Alongside export commitments, government-backed programmes are creating demand for green hydrogen and its derivatives within India. Under the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme, agreements have been signed for the production and supply of 6,70,000 MTPA of green ammonia to 11 fertiliser units across the country.
Projects have also been awarded for the production and supply of 30,000 MTPA of green hydrogen to refineries operated by Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Numaligarh Refinery.
The National Green Hydrogen Mission was approved with an initial outlay of Rs 19,744 crore through 2029-30. Its 2030 targets include adding 125 GW of renewable energy capacity, mobilising more than Rs 8 lakh crore in total investments, creating over six lakh full-time jobs and avoiding 50 million tonne of carbon dioxide emissions annually.
The scale of signed offtake commitments indicates growing demand for India’s green hydrogen output. However, meeting the contracted volumes will require substantial investment in production capacity and supporting infrastructure, alongside the development of export markets and domestic industrial applications.
