India's Hydrogen Demand to Double to 12 MTPA by 2030: Report

• India's hydrogen demand is projected to double to nearly 12 million tonnes per annum (mtpa) by 2030, driven primarily by fertiliser, refining, and petrochemical sectors.
• The National Green Hydrogen Mission, with an outlay of Rs 197 billion, aims to build green hydrogen infrastructure through schemes like SIGHT, supporting production, consumption, and electrolyser manufacturing.
• Thirteen Indian states have designed support plans, including waivers and subsidies, contributing to a potential USD 61 billion support pool for the green hydrogen industry.
• High costs remain a barrier, with green hydrogen at USD 3.5-4/kg compared to grey hydrogen's USD 2.2/kg, though policy steps could reduce green hydrogen costs to USD 1.9/kg.
• India faces competition in green ammonia exports due to higher financing costs and lower plant load factors, despite lower solar/wind power costs.

Why It Matters: India's hydrogen demand surge requires overcoming cost and export hurdles.