The Indian Biogas Association (IBA) and the Hydrogen Association of India (HAI) have joined forces to promote bio-based energy solutions, particularly focusing on green and blue hydrogen. Gaurav Kedia, Chairman of IBA, announced the signing of a memorandum of understanding (MoU) with HAI, aimed at fostering the production of green energy within the country.
The partnership will facilitate a range of initiatives, including training, capacity building, and policy advocacy, geared towards expediting the adoption and advancement of bio-based energy solutions, with a special emphasis on green and blue hydrogen.
Gaurav Kedia held that the green hydrogen market in India is forecasted to grow to USD 8 billion by 2030 and USD 340 billion by 2050.
Aligned with the mutual objective of reducing the nation’s reliance on imported energy, the MoU signifies a commitment to collaborative endeavors in propelling sustainable energy initiatives forward. The agreement underscores the importance of harnessing synergies between the two associations to stimulate the continued expansion of the bio-based energy sector.
While the Indian Biogas Association focuses on advancing the biogas industry, the Hydrogen Association of India is dedicated to providing comprehensive services and finding optimal solutions across various hydrogen-related industries.
Furthermore, the partnership seeks to bolster the development of blue hydrogen, with projections indicating a potential increase to 80 million metric tons by 2050. This growth hinges on ongoing global governmental efforts to enforce stricter regulations promoting the adoption of emission-free fuel sources
Kedia said, “The discussion around hydrogen utilization in the steel industry has gained significant traction. However, it’s important to recognize that carbon is essential in the process. By breaking methane molecules inherent within biogas, we can simultaneously produce carbon and hydrogen, offering a viable solution to address this requirement.”
RK Malhotra, President of HAI, underscored the significance of policy advocacy for the bio-hydrogen and biogas ecosystem. This collaborative approach aims to leverage governmental initiatives within the sector, empowering the industry to realize India’s green energy objectives and supporting the nation’s sustainable growth trajectory.
Global chemicals and bioenergy major BASF has announced to have signed an MoU with China’s…
Rajputana Biodiesel is set to debut in the capital market on November 26 as the…
The Solar Energy Corporation of India Ltd (SECI) has signed an MoU with H2Global Stiftung…
Uttar Pradesh is making strides in the bioenergy and taking the decarbonisation quest of the…
Bengaluru-headquartered biogas EPC firm GPS Renewables has announced that it has appointed Deepak Agarwal as…
In a key development to further the green hydrogen movement in the country, NETRA, the…