Stringent European Union rules defining what qualifies as “green” hydrogen threaten to undercut India’s cost advantage and delay its entry into the lucrative European market
Currently, the international price of grey ammonia ranges from approximately USD 800 to 900 per metric ton, while the domestic manufacturing cost of green ammonia is around USD 567 per metric ton.
PM Narendra Modi and Uttar Pradesh CM Yogi Adityanath expressed grief over the incident and have announced financial assistance to the injured and ex-gratia for the kin of the deceased.
The proposed facility will have a handling capacity of four million tonnes per annum and has been designed to strengthen Paradip port's role as a hub for green energy cargo.