Petronas, Malaysia’s national oil company, is scouting for 10,000 acres of land in Tamil Nadu to set up a proposed green hydrogen project.
The Malaysian Petronas, one of the world’s largest mineral and petroleum companies, has identified a 3,000-acre site in Tamil Nadu as a potential location for setting up a proposed green hydrogen power plant. The site is on the outskirts of Tamil Nadu capital Chennai and within proximity of coastal ports and airports. Two others are also under consideration: one in Canacona near Chennai that stretches over 9,200 acres, and an additional one at Muthanga village in Tirunelveli district covering 5,720 acres.
During the India-Malaysia Economic Forum (IMEF) in November 2018, Malaysian oil and gas company Petronas announced their intent to set up a fully integrated green hydrogen or CHP plant in Tamil Nadu. This would be the world’s largest hydrogen power plant with an installed capacity of 300MW. The proposed plant will have an initial investment of Rs 10,000 crore and is expected to create 1,50,000 jobs over the next 3 years.
According to the report, Petronas is scouting for land as it plans to build up to 45,000 units of the plant by 2021-2022. The proposed plant will utilise green hydrogen sourced from water electrolysis plants, followed by next-generation technology in transportation systems and storage tanks.