The company will invest $1.2 billion in India and $2.4 billion in the UK on the proposed transition projects over five years, the group said in a statement without giving possible locations of projects in India.
The investment in India will be focused on developing a cost-efficient global supply hub for low-carbon fuels. These will include green hydrogen and green ammonia for export to meet expanding global demand for green hydrogen. The India investment plan is driven by the government’s “supportive regulatory framework designed to help position the country as a leading global hub of green hydrogen production and exports”, the company said.
Beyond EET, the group has plan for other sustainability investments in creating an LNG value chain in India, setting up a pellet plant in Odisha and a 4-million tonnes per annum green steel complex in Saudi Arabia.
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