ONGC ties up with Greenko for green hydrogen foray

NEW DELHI: State-run ONGC is planning a joint venture with Hyderabad-based renewables major Greenko group for foraying into the green hydrogen and green hydrogen derivatives market.
The joint venture will develop a green ammonia production and storage facility for export purpose. The facility will have a capacity to produce one million tonne per annum of green ammonia through a 1.3 gigawatts (GW) green hydrogen plant, leveraging Greenko’s exclusive partnership with John Cockerill.
The project will need about 6 GW of solar and wind power coupled with Greenko’s pumped-hydro energy storage platform to generate 1.4 GW of round-the-clock renewable power, the companies said in a joint statement.