Deals3 Sept 2024, 12:30 am
Gensol Engineering & Matrix Gas Consortium Emerge as Lowest Bidders for INR 164 Crore Biomass to Green Hydrogen Project
AI Summary
Gensol Engineering Ltd. and Matrix Gas & Renewables Limited, both promoted by common promoters, have emerged as the lowest bidders for the EPC of India’s first Biomass to Green Hydrogen project, valued at INR 164 Crore. The project, which converts 25 tons of bio-waste into 1 ton of hydrogen per day, marks a significant milestone in aligning with the National Green Hydrogen Mission for biomass to green hydrogen generation. The project is scheduled for completion within 18 months and is a collaboration with Westinghouse, USA, who has patented technology and has commissioned multiple plants globally.
Key Highlights
- Gensol Engineering Ltd. and Matrix Gas & Renewables Limited have emerged as the lowest bidders for the EPC of India’s first Biomass to Green Hydrogen project, valued at INR 164 Crore.
- The project converts 25 tons of bio-waste into 1 ton of hydrogen per day and is a significant milestone in aligning with the National Green Hydrogen Mission for biomass to green hydrogen generation.
- The project is a collaboration with Westinghouse, USA, who has patented technology and has commissioned multiple plants globally.
- The project is scheduled for completion within 18 months.
- Gensol Engineering Ltd. and Matrix Gas & Renewables Limited are both promoted by common promoters and will continue to collaborate in the Green Hydrogen and its derivatives including Green Steel and Green Ammonia domain.