Billionaire Mukesh Ambani’s Reliance Industries Ltd is targeting to become one of the largest producers of blue hydrogen globally, producing the zero-emission fuel at costs that will be half of the global average.
The operator of the world’s largest oil refining complex will re-purpose a Rs 30,000 crore plant that currently converts petroleum coke into synthesis gas to produce blue hydrogen for $1.2-1.5 a kilogram, Reliance said in a presentation detailing the separation plan.
Hydrogen is the cleanest form of known fuel. Depending on production methods, hydrogen can be grey, blue or green.
Grey hydrogen is the most common form and is generated from natural gas, or methane, through a process called ‘steam reforming’.
