Deals11 Sept 2024, 01:05 pm
Gensol Engineering & Matrix Secure India's First Green Hydrogen Valley Project in Pune
AI Summary
Gensol Engineering Limited and Matrix Gas & Renewables Limited have secured the project to setup India’s first Green Hydrogen Valley in Pune, Maharashtra. The project involves setting up a Green Hydrogen production plant on a Build Own and Operate (BOO) basis to supply Green Hydrogen to the Specialty Chemical sector with a firm offtake for 20 years. The Green Hydrogen will be supplied to the specialty chemical sector in Pune, Maharashtra on a round the clock (RTC) basis to develop the Green Hydrogen economy in India. The project is facilitated by National Chemicals Laboratories (NCL), Pune in Kurkumbh region.
Key Highlights
- Gensol Engineering and Matrix Gas & Renewables have secured the project to setup India’s first Green Hydrogen Valley in Pune, Maharashtra.
- The project involves setting up a Green Hydrogen production plant on a Build Own and Operate (BOO) basis.
- The Green Hydrogen will be supplied to the specialty chemical sector in Pune, Maharashtra on a round the clock (RTC) basis.
- The project is facilitated by National Chemicals Laboratories (NCL), Pune in Kurkumbh region.
- Gensol Engineering and Matrix are both companies promoted by common promoters and will continue to collaborate in the Green Hydrogen and its derivates including Green Steel and Green Ammonia domain.