Business Update12 Oct 2023, 05:02 pm
STL Collaborates with Hygenco for Green Hydrogen Supply
AI Summary
Sterlite Technologies Limited (STL) has partnered with Hygenco, a homegrown green hydrogen solutions provider, to supply green hydrogen to its manufacturing plants for sustainable operations. The long-term offtake agreement will see Hygenco build, own, and operate a green hydrogen facility for STL for 20 years, based on renewable energy. This project will be the first green hydrogen project in India's optical industry and will help STL achieve its net-zero ambition by 2030.,
Key Highlights
- STL partners with Hygenco for green hydrogen supply
- First green hydrogen project in India's optical industry
- Aimed at carbon abatement of ~30% year on year
- Renewable energy-based electrolysers to reduce occupational health hazards
- In-sourcing of hydrogen requirement for optimal efficiency