SPDA to Boost Bilateral Ties with South Korea in Green Hydrogen and its Derivatives

Sustainable Projects Developers Association (SPDA), in collaboration with the Embassy of India Seoul and the Korea Chamber of Commerce and Industry (the largest business chamber in Korea), successfully organized the business visit of Indian Green Hydrogen and derivatives producers to Korea, underscoring the global push for green hydrogen.

SPDA, an independent industry association dedicated to advancing the energy transition in India, recently convened this significant event in Seoul, South Korea, marking a significant step towards collaboration between India and Korea in green hydrogen technologies.

The Indian business delegation, led by the representative from the Ministry of New and Renewable Energy (MNRE), Government of India, included key officials from leading companies significantly contributing to the production of green hydrogen and its derivatives in India, such as Acme, Avaada Group, Hygenco, and Torrent Power.

The event garnered support from the Embassy of India in Korea and Solutions for Our Climate (SFOC), underscoring the commitment of both nations to sustainable solutions for a cleaner future.

The Indian delegation emphasized India’s readiness to support Korea's ambitious decarbonization goals, offering competitive prices for fuels such as green hydrogen, green ammonia, and green methanol. An invitation was extended to Korean counterparts to explore mutually beneficial opportunities, including establishing Joint Ventures with Indian organizations, facilitating technology transfer, engaging in joint Research & Development efforts, and signing offtake agreements.

During the discussion, Anant Kumar, Director, Ministry of New and Renewable Energy (MNRE), Government of India, presented India's National Green Hydrogen Mission's ambitious targets and its preparedness to supply Green Hydrogen and its derivatives.

Adding to it, Amit Kumar, Ambassador of India to the Republic of Korea, highlighted the seminar’s usefulness in bringing together a wide range of participants from government, businesses, utility, financial and legal circles with interest in the green hydrogen space. The seminar as well as B2B meetings foster substantive discussions on collaboration for green hydrogen in India, exports to RoK, standard setting, technology, R&D, etc. We value the support received from SPDA in organizing this seminar.