thyssenkrupp nucera targets Indian green H2 market with chlor-alkali business
thyssenkrupp nucera, a global supplier of electrolysis plants, is actively pressing ahead with its to expand its chlor-alkali business and development of the green hydrogen in international markets, the latest one being India. The company has opened a sales and engineering competence center in Vikhroli in northeast Mumbai to tap the potentials of India's electrolysis market and skilled labor force available in the country.
Apart from growing more strongly in India, the company claims that Mumbai being an excellent location as one of Asia's most important ports works in its favor to support its global activities of the electrolysis specialist in the areas of engineering and project execution – especially in Middle East, Asia, and Australia.
Mumbai will be thyssenkrupp nucera's eighth location after Milan (Italy), Houston (USA), Riyadh (Saudi Arabia), Tokyo & Okayama (Japan), Shanghai (China), Perth (Australia), and the company headquarters in Dortmund (Germany). With around 30 employees at the start and more than 80 within three years, Mumbai will be one of thyssenkrupp nucera's fastest growing international locations, it adds.
"We have a long history in India and close relationships with our customers here, now for more than 40 years. With our new location, we are strengthening our presence with our customers. It will enable us to respond even better to our customer's various needs and demands. Mumbai is a logical choice as the economic center of the country," said Vaidyanathan Nagarajan, Managing Director of thyssenkrupp nucera India Private Limited.
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"India is the ideal expansion of our portfolio of locations for us. Skilled workforce available throughout India gives us even better access to talent and already experienced electrolysis specialists. Facing the background of the increasing shortage of skilled engineers, this is also an important factor," commented Dr. Arno Pfannschmidt, CFO of thyssenkrupp nucera AG & Co. KGaA, who is also responsible for the India business.
The company considers India as one of the strong markets for electrolysis in future. In the chlor-alkali sector, thyssenkrupp nucera already claims to have leading market position with a market share of more than 70 percent.
The development of the chlor-alkali market is closely linked to the positive development of India's GDP and its potential to produce green hydrogen on an industrial scale through alkaline water electrolysis. "At thyssenkrupp nucera India, we want to exploit this potential to develop the local market as a long-term complement to our chlor-alkali activities," said Kiran Paul Joseph, Executive Director – Finance of thyssenkrupp nucera India.
thyssenkrupp nucera expects India's demand for green hydrogen to rise sharply within the next few years. The country's National Green Hydrogen Mission has also set the goal of expanding production capacities locally to 5 million metric tons of green hydrogen annually by 2030, which corresponds to an electrolysis capacity of around 50 GW.
It is to be noted that India intends to meet its own local demand and at least 10 percent of global demand. Europe is set to be the central target market. In the long run, the country plans to have more than 10 million metric tons of annual capacity.