Reliance Industries targeting blue hydrogen market

Reliance Industries is aiming to be one of the largest producers of blue hydrogen globally, by producing the zero-emission fuel at costs that will be half of the global average. The company will re-purpose a Rs 30,000 crore plant that currently converts petroleum coke into synthesis gas to produce blue hydrogen.Hydrogen is the cleanest form of known fuel and can be grey, blue, or green depending on its production method. Reliance is looking to achieve its target of net-zero emission for its businesses by 2035.Reliance Industries Ltd has said in the presentation that in the interim, till the cost of green hydrogen comes down, RIL can be the first mover to establish a hydrogen ecosystem with minimal incremental investment in India. Mukesh Ambani has previously stated that the company is aiming to produce green hydrogen at $1 per kilogram by the end of this decade.Hydrogen demand will be met by green hydrogen produced through water electrolysis over a period of time. The conversion of gasification plants will involve the use of syngas to produce hydrogen.The proposal to move the gasification unit, as a business operating on the basis of reduced sales, adopts the proposed scheme, Reliance said, adding that the arrangement scheme has been submitted to the National Company Law Tribunal for approval.