Monday, 4 November 2024

John Cockerill To Invest Rs 6,000 Crore In Green Steel Tech, Defense Sector

 John Cockerill To Invest Rs 6,000 Crore In Green Steel Tech, Defense Sector — Profit Exclusive

John Cockerill is collaborating with Greenko Group to set up a 1 GW per annum electrolyser manufacturing plant that can be expanded to 2 GW at a later date

John Cockerill India Ltd. plans to invest Rs 6,000 crore in green technologies for the steel industry, electrolysers for green hydrogen, and the defense sector as part of its plan to help companies reduce carbon emissions.


AM Green

AM Green announced a significant partnership with John Cockerill on Wednesday, securing a deal for 1.3 gigawatts (GW) of advanced pressurized alkaline electrolysers for a green ammonia facility at Kakinada, Andhra Pradesh. This project, which AM Green states is India’s largest electrolyser order, reached its final investment decision (FID) in August 2024 and aims to produce one million tonnes of green ammonia annually.

Set to begin operations in the latter half of 2026, the plant will integrate 1.3 GW of electrolysers in two 640-megawatt (MW) phases, enabling the production of green hydrogen that will then be converted into green ammonia. AM Green highlighted that this order advances its strategic partnership with John Cockerill, aiming to create a comprehensive green hydrogen ecosystem across India.

Additionally, John Cockerill and AM Green are developing India’s largest electrolyser manufacturing plant, with a capacity of 2 GW annually, in Kakinada. This facility will supply electrolysers for the second 640 MW phase of the Kakinada green ammonia project, aligning with India’s National Green Hydrogen Mission targets.

AM Green’s multiple green ammonia production sites across India will help the company achieve 5 million tonnes per annum (MTPA) of green ammonia capacity by 2030, supporting net-zero goals for India and OECD markets. This output will equate to around 1 MTPA of green hydrogen, fulfilling 20% of India’s green hydrogen target and 10% of Europe’s green hydrogen import target.

The Kakinada facility has received CertifHy certification, meeting EU RFNBO standards for green ammonia production. AM Green has secured major off-take agreements for this project to cater to a wide array of green hydrogen applications.

Anil Chalamalasetty, AM Green’s Group Chairman, noted, “This collaboration positions India as a key exporter of low-cost, high-standard green molecules. Our efforts not only contribute to India’s green hydrogen vision but also support decarbonization across global industries, including refining, shipping, fertilizers, power, and chemicals.”

John Cockerill’s joint venture with Technip Energies, Rely, will manage engineering, procurement, construction, and commissioning (EPsCm) for the entire project. John Cockerill CEO François Michel emphasized that “This order is pivotal for our hydrogen business. Our electrolysis technology will drive the widespread adoption of green hydrogen and its derivatives in this region and beyond.”

John Cockerill, backed by public support in India, the USA, Belgium, and France, is committed to establishing local green hydrogen ecosystems. Vivek Bhide, John Cockerill India President, added that the company aims to expand in India’s growing steel and hydrogen markets, where it is already recognized as a key technology partner by leading steel producers like Tata Steel, JSW Steel, AM/NS India, and JSOL. John Cockerill extended thanks to Credendo for their support, highlighting that this project qualifies for Credendo Green Package benefits due to its sustainable impact.

No comments:

Post a Comment