India's richest man, Mukesh Ambani, is preparing to revolutionize global industry by building four giant plants for the production of photovoltaic modules, batteries, fuel cells, as well as electrolyzers for producing hydrogen.
All factories will produce goods for eco-friendly business, most of the plans are prepared for the development of hydrogen energy, writes Bloomberg.
Ambani, an Indian billionaire and the main owner of the oil refining company Reliance Industries, is going to spend ten billion dollars on the production of equipment for zero carbon emissions. In India, four huge plants will be built for the production of photovoltaic modules, batteries, fuel cells, as well as electrolyzers needed to produce hydrogen.
According to the businessman's plan, the new factories will be able to supply hydrogen on a global scale for industries that are difficult to decarbonize. For example, for the production of steel and cement. Global greenhouse gas emissions from these two sectors have increased significantly since the middle of the last century. Steel mills doubled their emissions from 2000 to 2015, and environmental pollution from cement production has increased 20 times since 1950.
Environmentally friendly hydrogen, for example, can replace coal, which is used in blast furnaces at steel plants. It is also quite acceptable to move away from fossil fuels in cement production. The increased demand for renewable energy sources, including hydrogen, according to Ambani, will stimulate their use in generating electricity.
The Norwegian oil company Equinor recently announced the creation of a huge hydrogen cluster in the UK. The energy giant plans to triple the production of clean gas, which will make the English Keadby power plant completely "green".
