In a landmark initiative set to revolutionize steel production, Gensol Engineering has partnered with Matrix Gas & Renewables to establish India’s first and largest green steel production facility. This project represents a significant milestone in sustainable manufacturing, utilizing 100% green hydrogen to transform traditional steel production processes.
With an estimated capital expenditure of ₹321 crore, the facility has garnered substantial support from the Indian government, which is providing 50% of the capital expenditure incentives. This collaboration highlights a shared commitment to reducing carbon emissions within the steel sector, essential for combating climate change. Employing advanced direct reduced iron (DRI) vertical shaft technology, the facility will convert iron ore into sponge iron without relying on fossil fuels. By using green hydrogen sourced from renewable energy, it aims to eliminate CO₂ emissions typically associated with coal and natural gas.
Notable partners, including the Indian Institute of Technology Bhubaneswar and Sweden’s Metsol AB, will oversee the project’s lifecycle. With a capacity to produce 50 tons per day, Matrix will handle land acquisition, environmental assessments, design, engineering, procurement, and logistics. Chirag Kotecha, Whole-Time Director of Matrix, emphasized the facility’s significance, stating it positions India at the forefront of the clean energy transition. The shift towards green steel production promises not only a cleaner environment but also economic benefits, including job creation in emerging green technologies. This facility symbolizes a commitment to sustainable practices in heavy industries, setting a precedent for future developments and ensuring India’s leadership in the global transition towards renewable energy.