In India, Business Standard reported that Essar Group plans to set up a green hydrogen plant at Jamnagar in Gujarat as the conglomerate eyes clean energy as a key pillar for its new phase of growth. The conglomerate is looking to decarbonize its oil refinery in the UK, construct a green steel plant in Saudi Arabia, and build an LNG and electric ecosystem to decarbonize long-haul heavy trucks, Prashant Ruia, director of Essar Capital, which manages the group’s portfolio of investments, said. The report noted that Essar Future Energy plans to develop 1 gigawatt of hydrogen capacity along with associated green molecules capacity of 1 million tons per annum in Jamnagar over the next four years. Essar will use 4.5 GW of renewable energy by a sister concern Essar Renewables to split water molecules to produce hydrogen and oxygen, the report added.
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