Electrolysers Mfg Company Raising Funds In Chennai
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The company is planning to establish a sustainable supply chain for green liquid hydrogen to cater to markets in Asia and Europe. In the initial phase, the project aims to deliver 40 tons per day of green liquid hydrogen, produced in India from renewable electricity, to the Indian road transport market, ensuring competitive pricing.
Clientele type
Potential clients of this business would be premium target light and heavy-duty fuel cell electric vehicle market in India.
Premises
NA
Asking Price Includes
It includes 3000 acres of land. Solar panels. Electrolyzer and other equipment need to be purchased.
Reason
The company is looking for local finance of 300–1000 crores as a loan against property or as investors from local financers.
A group has already signed an agreement with the company for Technology and Financial support for setting up a Green hydrogen plant in Tamil Nadu.
The electrolyser, a key component in this process, splits water into hydrogen and oxygen. The cost of the electrolyser is a significant factor in the overall cost of green hydrogen production. Therefore, manufacturing a cheap electrolyser is crucial.
Other Details
Notably, the project's viability is upheld without the need for subsidies, as it maintains zero-rating for fuel tax. To mitigate technical and commercial risks, the project will undergo Front End and Detailed Engineering and Design, along with negotiations for green liquid hydrogen offtake agreements, power supply agreements, and financing before reaching the Final Investment Decision.
By replacing fossil fuels with green hydrogen, we can significantly reduce greenhouse gas emissions and combat climate change.
With attractive financial returns, this venture stands as a commercially viable and sustainable initiative, free from state subsidies.
TOP MANAGEMENT DETAILS:
With a rich background as a Marine Engineer and extensive experience in shipbuilding internationally, the founder brings over 15 years of expertise in the upstream shipbuilding industry. As the Founder & CEO of the company, he leads a team dedicated to addressing global warming through commercially viable solutions, particularly in the liquid hydrogen value chain.
A seasoned professional with 35 years of diverse experience, the Director is a Science Graduate and Certified Marine Radio Officer. Having sailed on various ships for 15 years, he transitioned to land roles, excelling as Manager in personnel and port operations in the O&M of the Port sector. His extensive leadership includes serving as Project Manager and Site Head in the Dredging Sector, overseeing efficient dredging operations for major projects with companies like Shell Hazira and Adani at Port Dhamra.
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