BHUBANESWAR : The Odisha government and natural gas firm Gail signed a memorandum of understanding (MoU) on Wednesday for cooperation in the production of eco-friendly fuels in the state.

       The agreement was signed by the public sector unit and the Industrial Promotion and Investment Corporation of Odisha (Ipicol) in Bhubaneswar, according to a release.

       MORE FROM THIS SECTION See All

       Premium Premium Candidates can spend up to ？95 lakh in elections; EC r ...

       Premium Premium Dozens killed as Kazakhstan cracks down on protests

       Premium Premium North Korea says it tested hypersonic missile

       Premium Premium As China tensions smoulder, Japan and Australia move to ...

       The MoU seeks to prepare a feasibility study for setting up plants in areas of green hydrogen, green ammonia and renewable energy like solar and wind, the Ipicol said.

       It emphasises promoting the production of eco-friendly fuels in the state. Green Hydrogen will help the industries cut aggregate emissions of greenhouse gases, it said.

       The proposed plants will help Odisha-based heavy industries to supplement their growing power requirements, the Ipicol said.

       Principal Industries Secretary Hemant Sharma said there was a “very large pre-existing market" for hydrogen currently in the state.

       The cost of green hydrogen will reduce for industrial consumption with this joint effort to produce it in bulk, the official said.

       “We are very eager to help the company in terms of suitable land," said Asit Tripathy, principal secretary to Chief Minister Naveen Patnaik.

       TRENDING STORIES See All

       Premium AIIMS director on Omicron safeguards: 'Don't panic but...'

       Premium Day trading guide for Friday: 6 stocks to buy today — 7 ...

       Premium Ashish Kacholia hikes stake in multibagger stock that i ...

       Premium Better Q3 show awaits specialty chemical cos

       Business development director M V Iyer said Gail was laying a natural gas pipeline, setting up a city gas distribution project and a coal gasification plant in a joint venture.

       Subscribe to Mint Newsletters

       * Enter a valid email

       * Thank you for subscribing to our newsletter.

       Never miss a story! Stay connected and informed with Mint. Download our App Now!!

       Topics