Gensol, Matrix Gas to establish country’s first green hydrogen valley

Gensol Engineering in collaboration with Matrix Gas & Renewables will set up Green Hydrogen production plant in Pune on Build Own and Operate (BOO) basis to supply Green Hydrogen to Specialty Chemical sector with the firm offtake for 20 years.

Gensol Engineering Limited in collaboration with Matrix Gas & Renewables Ltd., announced that Gensol and Matrix have won the project to setup India’s first Green Hydrogen Valley project in Pune. Gensol – Matrix will set up Green Hydrogen production plant on Build Own and Operate (BOO) basis to supply Green Hydrogen to Specialty Chemical sector with the firm offtake for 20 years.

Commenting on this achievement Anmol Jaggi, Managing Director at Gensol Engineering Ltd., said, “We feel immense pride to develop India’s first Green Hydrogen Valley project. Government of India has taken a great step in promoting these Hydrogen Valleys through Department of Science & Technology (DST). We are going to supply Green Hydrogen to the specialty chemical Sector in Pune, Maharashtra on round the clock (RTC) basis to develop the Green Hydrogen economy in India”

Chirag Kotecha, Whole-time Director at Matrix Gas and Renewables Ltd., added, “We are committed to contribute to India’s net-zero targets by achieving the key aspects of National Green Hydrogen Mission. This Green Hydrogen valley is being facilitated by National Chemicals Laboratories (NCL), Pune in Kurkumbh region. We will have an opportunity to establish such Green Hydrogen generation concepts, its applications and R&D facilities. We have been selected through competitive tender as the best bidder (both Technically and Commercially) to setup a Green Hydrogen Generation plant on BOO basis through Electrolysis route.”

Gensol and Matrix are both companies promoted by common promoters and will continue to collaborate in the Green Hydrogen and its derivates including Green Steel and Green Ammonia domain taking benefit of the skill sets of each entity.