Latest News | Statkraft, Aker Horizons Ties Up to Produce Green Hydrogen in India

New Delhi, Apr 26 (PTI) Statkraft and Aker Horizons have partnered to explore opportunities for green hydrogen and ammonia production in India.

Statkraft and Aker Horizons, through its portfolio company Aker Clean Hydrogen have signed collaboration agreements to jointly explore opportunities for green hydrogen and ammonia production in India, a statement said.

Also Read | Instagram Introduces Enhanced Tags on Reels for Creators.

According to the statement, the collaboration brings together Statkraft, a leading developer and generator of renewable energy with a substantial experience and presence in India, and Aker Clean Hydrogen, a global integrated hydrogen, ammonia and methanol producer building on Aker's 180 years of industrial heritage.

"With considerable renewable energy production and market activities in India, Statkraft is well positioned to capture green hydrogen opportunities in this huge and important energy market. Developing such opportunities helps us grow our business and reduces greenhouse gas emissions in India," said Jürgen Tzschoppe, Executive Vice President International Power of Statkraft.

Also Read | Micromax In 2C With 5,000mAh Battery Launched in India at Rs 8,499.

Emissions from the steel and ammonia industries contribute to close to 9 per cent of the global greenhouse gas emissions and are classified as hard-to-abate sectors, it stated.

Green hydrogen provides an emission-free alternative to decarbonizing these industrial sectors and an opportunity to increase security of supply of the two commodities.

Aker Clean Hydrogen and Statkraft have agreed to explore joint development opportunities of fully-integrated renewable power generation and green hydrogen production in India, targeting domestic hard-to-abate industries such as the steel industry, as well as ammonia for domestic use and export.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)