According to three sources familiar with the development, Reliance Industries (RIL) is building the groundwork for the distribution of green hydrogen from its projected plant in Gujarat as it prepares to begin producing the fuel by 2025.
Reportedly, the company has obtained 74,750 hectares of land parcel in Gujarat on a 40-year lease for its green hydrogen project, and is partnering with original equipment manufacturers (OEMs) for green hydrogen supply and establishing the framework to sell the same through its Jio-BP shops.
Mukesh Ambani-led company is investing $10 billion as Capex to construct its new energy ecosystem. It has partnered with original equipment manufacturers (OEMs) to offer green hydrogen over the past seven months.
RIL and Ashok Leyland debuted India’s first hydrogen internal combustion engine (H2ICE) technology solution for heavy-duty vehicles in February this year.
Later that month, RIL revealed a hydrogen bus in collaboration with Olectra Greentech, a subsidiary of Megha Engineering and Infrastructures (MEIL). Olectra Greentech plans to commercialize these buses within a year.
Further, RIL and Bharat Benz extended their partnership in July to create India’s first intercity luxury concept coach powered by hydrogen fuel cell technology.
RIL also intends to sell green hydrogen through its Jio-BP stores. The company currently operates over 1,500 retail shops, with intentions to expand over 5,000.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.