New Delhi, Dec. 15 -- India's demand for hydrogen is expected to nearly double to around 12 million tonnes per annum (mtpa) by 2030, driven primarily by fertilisers, refining and petrochemicals, while falling production costs could make green hydrogen and green ammonia commercially viable within the decade, according to a sector update by Nuvama Institutional Equities citing analysis by the Council on Energy, Environment and Water (CEEW).

The report highlights that fertilisers are expected to account for about 51% of India's hydrogen demand by 2030, followed by refining at 38% and petrochemicals at 11%.

New demand from sectors such as steel, long-haul transport, shipping and power generation is likely to emerge beyond 2030 as green hydr...