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Jindal Stainless (JSL) will invest Rs 700 crore over the next three years, and the fund will be used towards sustainability projects including renewable energy. The move is aimed at reducing its carbon footprint, including the embedded emissions across its offerings. The upcoming renewable energy projects would be for its own consumption only with the benefits accruing some years post their commissioning.
Overall, JSL looks to have 300-350 MW of renewable power sources available across its manufacturing units in India, at Hisar (Haryana) and Jajpur (Odisha). The companys first green hydrogen plant at Hisar, Haryana was inaugurated by Union Steel Minister, Jyotiraditya Scindia on 04 March, 2024. The plant has both renewable and gas units, and is being developed in partnership with Hygenco on a long-term build-own-operate-transfer basis. This will consist of a 2.8-MWp rooftop unit and a floating solar; 1.6-MW advanced electrolyzer, hydrogen storage and purification unit critical plant control technology, among others.
This would be the first-ever commercial long-term off-take agreement of green hydrogen in India, and also the world’s first off-grid green hydrogen plant for the stainless steel industry, as stated by the Minister. With the green hydrogen facility, the company aims to reduce carbon emissions by 2,700 tpa and 54,000 tonnes of CO2 emissions over 20 years. The green hydrogen generated will replace the current source of hydrogen; with the ammonia shipped to JSL’s Hisar facility. Approx. 2,070 mtpa ammonia will be cracked annually at this facility.
The company has identified 15 sustainability projects. The major renewable projects include two 100 MW RE-RTC projects at Jajpur; 100 MW RE-RTC at Hisar; 34.5-MW peak (23 MWp Rooftop Solar, plus seven MW floating solar, plus 4.5 MWp Rooftop at Hisar), among others. The other sustainability projects include use of electric forklift, chrome pelletisation, using combustion catalyst in boilers, use of waste-heat recovery in arc furnaces, fuel switching from LPG to natural gas, among others. |
