ONGC, Greenko ink MoU for green hydrogen production

The memo is valid for two years.

India’s Oil and Natural Gas Corporation (ONGC) and M/s Greenko ZeroC Private Limited signed a memorandum of understanding (MoU) to pursue opportunities together in renewables, green ammonia, green hydrogen and its other derivatives.

In a statement, ONGC said the MoU, which is valid for two years, is in line with the government’s National Hydrogen Mission to make India a “global green hydrogen hub.”

The company added that activities expected under the memo will contribute to India’s target to produce five million tonnes of green hydrogen by 2030.

READ MORE: Green hydrogen is key in India’s decarbonisation goals

The MoU was signed by ONGC Director Onshore Shri Anurag Sharma and Greenko CEO and Managing Director Shri Anil Kumar Chalamalasetty.