World Hydrogen India: Country to play a pivotal role in hydrogen growth

India is set to play a pivotal role in the evolving hydrogen economy, with significant commitments from its public sector undertakings (PSUs) in the oil and gas sector, said Hardeep Singh Puri, India's Minister of Petroleum and Natural Gas, during a talk at the inaugural World Hydrogen India Summit in Delhi Sept. 25, as per Chemweek.

India will make sure that hydrogen is not just a fuel of the future but also a pillar of energy security, economic competitiveness and environmental stewardship, Puri said during the talk.

India's PSUs have announced plans to establish around 1 million metric tons per year of green hydrogen capacity by 2030, Puri said. This initiative underscores India’s strategic focus on sustainable energy solutions and its commitment to reducing carbon emissions, he said.

Indian energy sector PSUs have initiated tenders for a capacity of 170,000 metric tons per year under a “Build Own Operate” model to accelerate hydrogen production, according to Puri.

Meanwhile, India’s National Green Hydrogen Mission has made significant progress by awarding approximately 900,000 metric tons per year of green hydrogen production capacity to 19 companies, he said.

The National Green Hydrogen Mission is a government initiative that aims to establish the country as a global hub for green hydrogen production, usage and export.

In 2021, India set an ambitious target of producing 5 million metric tons of green hydrogen per year by 2030, supported by a strong policy framework and significant financial investment, Puri said. The government is also developing measures to bolster the manufacturing of electrolyzers and green hydrogen, Puri added.

According to India’s Ministry of New & Renewable Energy, a major financial initiative under the National Green Hydrogen Mission is the Strategic Interventions for Green Hydrogen Transition (SIGHT), which has an outlay of 174.9 billion Indian rupees ($1.9 billion). The SIGHT program allocates 44.4 billion rupees for domestic manufacturing of electrolyzers and 130.5 billion rupees for green hydrogen production.

For Dave Ernsberger, co-president at S&P Global Commodity Insights, India's National Green Hydrogen Mission is emerging as a crucial component of the global shift toward cleaner energy and energy independence.

Ernsberger said during his keynote address at the summit that India is a leader in the development of green hydrogen, and he highlighted the country’s renewable resources and asset base. He added that collaboration among the country’s private sector, public sector, government and traders is necessary to propel this rapidly growing industry forward.

The World Hydrogen India Summit, organized by S&P Global Commodity Insights, brings together senior executives, policymakers and investors to address the critical challenges and opportunities defining the sector’s trajectory.

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H.B. Fuller Co. has reported fiscal third-quarter net income up 21.3% year over year to $67.2 million on net revenue down 2.8% to $892.0 million, as per Chemweek.

Adjusted earnings rose 12% to $1.26 per share, slightly ahead of analysts’ consensus estimate of $1.24 per share, as reported by S&P Capital IQ. Selling prices rose by 1.0%, driving expanded margins, but volumes and organic revenues were lower.

The company also tightened its full-year outlook due to difficult economic conditions. “We remain cautious and have tightened our guidance range for the year to reflect a globally subdued economic backdrop,” said Fuller President and CEO Celeste Mastin. “Looking forward, we expect volume growth to remain elusive and end-market conditions to be challenging.”

Fuller expects full-year fiscal 2025 adjusted EBITDA to total $615 million-$625 million, up 4%-5% year over year from a forecast of $615 million-$630 million previously. Net revenue is still expected to be down by 2%-3%. Organic revenue is expected to be flat to up 1%, down from a prior forecast of flat to up 2%.

The reduced guidance reflects widespread pessimism about the economic outlook. While purchasing managers indices (PMIs) have improved slightly in recent months, “worldwide business confidence in the year-ahead outlook deteriorated to one of the gloomiest since the pandemic” in July, according to S&P Global Market Intelligence.

A large increase in S&P Global’s US manufacturing PMI for August was mostly due to inventory building, a response to uncertainty, said Chris Williamson, chief business economist at Market Intelligence.

Meanwhile, Fuller’s segment results were mixed. Hygiene, health and consumable adhesives segment net revenue fell 1.0% year over year to $386.1 million, while segment operating income was down 4.5% to $46.5 million. Engineering adhesives segment net revenue rose 4.7% to $272.3 million, while segment operating income was up 17.0% to $46.9 million. Building adhesives segment net revenue increased 2.3% to $233.7 million, while segment operating income was roughly flat at $25.9 million. Fuller’s fiscal third-quarter ended Aug. 30.

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India is set to play a pivotal role in the evolving hydrogen economy, with significant commitments from its public sector undertakings (PSUs) in the oil and gas sector, said Hardeep Singh Puri, India's Minister of Petroleum and Natural Gas, during a talk at the inaugural World Hydrogen India Summit in Delhi Sept. 25, as per Chemweek.

India will make sure that hydrogen is not just a fuel of the future but also a pillar of energy security, economic competitiveness and environmental stewardship, Puri said during the talk.

India's PSUs have announced plans to establish around 1 million metric tons per year of green hydrogen capacity by 2030, Puri said. This initiative underscores India’s strategic focus on sustainable energy solutions and its commitment to reducing carbon emissions, he said.

Indian energy sector PSUs have initiated tenders for a capacity of 170,000 metric tons per year under a “Build Own Operate” model to accelerate hydrogen production, according to Puri.

Meanwhile, India’s National Green Hydrogen Mission has made significant progress by awarding approximately 900,000 metric tons per year of green hydrogen production capacity to 19 companies, he said.

The National Green Hydrogen Mission is a government initiative that aims to establish the country as a global hub for green hydrogen production, usage and export.

In 2021, India set an ambitious target of producing 5 million metric tons of green hydrogen per year by 2030, supported by a strong policy framework and significant financial investment, Puri said. The government is also developing measures to bolster the manufacturing of electrolyzers and green hydrogen, Puri added.

According to India’s Ministry of New & Renewable Energy, a major financial initiative under the National Green Hydrogen Mission is the Strategic Interventions for Green Hydrogen Transition (SIGHT), which has an outlay of 174.9 billion Indian rupees ($1.9 billion). The SIGHT program allocates 44.4 billion rupees for domestic manufacturing of electrolyzers and 130.5 billion rupees for green hydrogen production.

For Dave Ernsberger, co-president at S&P Global Commodity Insights, India's National Green Hydrogen Mission is emerging as a crucial component of the global shift toward cleaner energy and energy independence.

Ernsberger said during his keynote address at the summit that India is a leader in the development of green hydrogen, and he highlighted the country’s renewable resources and asset base. He added that collaboration among the country’s private sector, public sector, government and traders is necessary to propel this rapidly growing industry forward.

The World Hydrogen India Summit, organized by S&P Global Commodity Insights, brings together senior executives, policymakers and investors to address the critical challenges and opportunities defining the sector’s trajectory.

mrchub.com

On Wednesday, ethylene prices edged lower in Northeast Asia, while remaining stable in Southeast Asia, as per Polymerupdate.

CFR North East Asia ethylene prices on Wednesday were assessed at the USD 835-845/mt levels, down USD (-5/mt) from Tuesday's assessed levels. An industry source in Asia while requesting to remain unidentified informed a Polymerupdate team member, "Ethylene prices fell on the back of bearish regional demand trends."

Meanwhile, CFR South East Asia ethylene prices on Wednesday were assessed at the USD 835-845/mt levels, unchanged day on day.

In plant news, PetroChina Fushun Petrochemical is in plans to resume production at its High density polyethylene (HPDE) unit around October 4, 2025, following a turnaround. The unit was shut around August 15, 2025, for maintenance. However, confirmation from an authorized source has not been obtained. Located in Fushun, China, the HDPE unit has a production capacity of 350,000 mt/year.

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On Tuesday, styrene monomer (SM) prices edge lower in Asia, as per Polymerupdate.

An industry source in Asia informed a Polymerupdate team member, "SM prices were assessed lower in line with weaker upstream benzene values coupled with bearish market sentiments in the Asian region."

On Tuesday, FOB Korea SM prices were assessed at the USD 835-845/mt levels, a fall of USD (-5/mt) from Monday.

CFR China SM prices were assessed at the USD 845-855/mt levels, down USD (-5/mt) from Monday?s assessed levels.

Meanwhile, upstream benzene prices on Tuesday were assessed at the USD 700-710/mt FOB Korea levels, a drop of USD (-5/mt).

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