Aker Horizons, Statkraft eye hydrogen, ammonia in India, Brazil
SUMMARY
They will jointly explore opportunities for green hydrogen and ammonia production in India and Brazil, targeting local steel and fertiliser industries.
By Shardul SharmaPOSTED IN:
Aker Horizons, through Aker Clean Hydrogen, and Statkraft have signed collaboration agreements to jointly explore opportunities for green hydrogen and ammonia production in India and Brazil, targeting local steel and fertilizer industries, Aker said on April 26.
“We are excited to join forces with Statkraft to accelerate the transition from grey to green solutions in India and Brazil,” said Knut Nyborg, CEO of Aker Clean Hydrogen. “The potential environmental benefits from decarbonizing hard-to-abate industries like the steel and ammonia industry in India and the fertilizer industry in Brazil are substantial.”
In India, the companies have agreed to explore joint development opportunities of fully-integrated renewable power generation and green hydrogen production, targeting the steel industry, as well as ammonia for domestic use and export.
India currently consumes approximately 7mn metric tons/year of grey hydrogen, making it the world’s second-largest hydrogen consumer. The country’s current hydrogen demand is expected to reach approximately 12mn mt/yr by 2030 and about 28mn mt/yr by 2050, Aker said.
In Brazil, Aker Clean Hydrogen, Statkraft and Sowitec, a company specialising in developing renewable wind and solar assets, aim to jointly develop power-to-X projects in the state of Bahia. The first project opportunity being pursued is a large-scale hybrid project, which combines renewable power generation, and hydrogen and ammonia production for the local fertiliser industry.
