Ambani’s Reliance seeks to be top blue hydrogen maker

Bloomberg

Reliance Industries Ltd, helmed by Asia’s richest man Mukesh Ambani, aims to be among the largest producers of blue hydrogen at “competitive cost” in its ambitious green-energy transition plan.
The Mumbai-based company will re-purpose a $4-billion plant that currently converts petroleum coke into synthesis gas to produce blue hydrogen for $1.2-$1.5 a kilogram, according to a presentation. So-called blue hydrogen is made using fossil fuels but captures
the carbon dioxide formed during its
production, and Reliance sees the conversion as a temporary measure until the cost of green hydrogen, produced from the electrolysis of water using renewable energy, becomes competitive.
“In the interim, till cost of green hydrogen comes down, RIL can be the first mover to establish a hydrogen ecosystem, with minimal incremental investment, in India,” the company said.