Thiruvananthapuram: Several leading companies have approached the state government with proposals to produce green hydrogen and green ammonia centred around the Vizhinjam International Seaport and Kochi port. The companies are said to have offered an investment of around Rs 72,000 crore for four major projects.

These companies are drawn by the state government's policies outlined in the draft for green hydrogen production, including up to 25 per cent subsidy on capital investment. This incentive has pushed significant interest from various industries to establish plants near the port.

The proposed projects also approximately create 30,000 jobs during the construction phase and 7,000 jobs available during the operational phase.

Companies have expressed a preference for setting up their plants near the ports. Requests have been made for land allocations ranging from 30 to 300 acres for this purpose. The government is also considering repurposing the plantation lands in the eastern regions that have been operating at a loss for these green energy initiatives.

Green hydrogen is produced entirely from renewable energy sources, without relying on fossil fuels like coal and natural gas. This clean energy is generated by splitting water molecules through electrolysis. Green hydrogen is seen as a crucial step in the global effort to reduce carbon emissions and combat climate change in the future.

Source: Mathrubhumi. Com 

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