Integrated Report 2022
Message from COO – ZeroC
Greenko ZeroC is a manifestation of our founders’ vision to create increased energy security for India, enable India to export energy out for the first time and lead deep decarbonisation for the industrial sector. Our utility scale integrated renewable energy storage platform delivering 100+ GWh of RE-RTC (Renewable Energy Round-The-Clock) carbon free energy, coming online by 2027, will allow us to not only integrate renewables with industrial sector but also be the key driver to generate carbon emission free molecules, via Green Hydrogen. Our unique architecture with capable and motivated teams will allow us to do this at the most competitive costs globally, outpacing countries like Australia, Middle East, Chile, and others.
In our first year, to secure our supply chain of electrolysers – a key Green Hydrogen technology requirement along with RE-RTC, with limited availability globally, we have entered an exclusive partnership for the region with John Cockerill from Belgium. John Cockerill is the largest electrolyser manufacturer in the world with 33% market share. They are the sole producer of the most powerful electrolyser stack in the world capable of generating 1300 Nm3/hr of hydrogen rated at 6.5 MW per stack. Together, we will be establishing a 2 GW per annum production capacity electrolyser factory in India, the largest of its kind globally. This will give ZeroC strategic depth in this nascently evolving domain while also showcasing our leadership in the “Make in India” objectives of the Indian government.
Our project pipeline includes 100 KTPA production in Himachal Pradesh, 1 MTPA production each in Andhra Pradesh and Tamil Nadu and a 1 MTPA joint production with ONGC
Further demonstrating our unique Green Hydrogen architecture, we have established strong partnerships in both domestic and international markets including for export and production of Green Hydrogen & Green Ammonia. We have signed unique partnerships with the likes of Uniper from Germany, POSCO from South Korea, Keppel from Singapore among others for offtakes and joint investment accords with ONGC and others, all globally reputed names in their businesses. It is estimated that the market potential of hydrogen is ~100 GW in the long term. A 1 GW of green hydrogen project, we will entail an investment of USD 3.5 billion. across the entire value chain. This presents an opportunity for the country and Greenko ZeroC has ambitions on being a leading player in this emerging new energy market. The above steps, including significant policy advocacy with both GOI and various state governments position us towards achieving significant growth ambition for our organisation in the coming decade.
On the projects front, GZC is developing a capacity to produce 3.1 MTPA Green Ammonia. We will serve in not only substitution of grey industrial feedstock but also export for new-age applications of power generation and mobility, both domestically and globally. Our project pipeline includes 100 KTPA, production in Himachal Pradesh, 1 MTPA production each in Andhra Pradesh and Tamil Nadu and a 1 MTPA joint production with ONGC.
On the operational side of the business, we have developed a strong team of key experienced professionals from oil & gas, fertilizer, design, and process engineering background with a cumulative experience of over 200 years in our unit. This year, we plan to significantly expand our team under various verticals of engineering, project management, procurement, business development, finance, and others.
We have leveraged Greenko’s established effective management practices with implementation of our GIMS, HRMS, GMAT and other systems and processes across the business. We are confident of delivering affordable zero carbon fuels to the global markets starting 2024 to enable global energy transition.
I wish to acknowledge the support and trust of our leadership, the ZeroC team and the wider Greenko family in making Greenko ZeroC’s journey thus far highly successful. We will continue in our endeavour for excellence and success on all fronts, delivering value to our stakeholders in the coming years.
Gautam Reddy Kumbam COO – Greenko ZeroC
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