Ocior Energy’s ₹328/kg Bid Sets New Benchmark for India’s Hydrogen Transition
In a move that further solidifies the Abu Dhabi Green Hydrogen Hub as a global leader, Ocior Energy has won a 25-year supply contract at a benchmark price of $3.87/kg, delivering 5,000 tonnes annually to HPCL’s refinery in Visakhapatnam. The build-own-operate contract, announced in July 2025 and spanning 25 years, marks a key expansion of Ocior’s regional operations. Quoting ₹328/kg (exclusive of GST), Ocior outperformed rivals including Jakson Green (₹345/kg) and L&T (₹393/kg), with NTPC and ReNew trailing significantly higher.
This pricing beats IOCL’s Panipat contract awarded earlier to L&T at ₹336/kg, reinforcing downward pressure on hydrogen costs. Ocior's portfolio includes active developments in Gujarat and Odisha, positioning it as a long-term player in India’s hydrogen value chain.
100GW Vision: Masdar Scales Green Hydrogen Ambitions
Masdar, Abu Dhabi’s flagship clean energy developer, is targeting a renewable portfolio of 100GW and 1 million tonnes of green hydrogen globally by 2030. These targets mirror the UAE Consensus to triple global renewables capacity within the decade. With projects deployed across 40 countries and over 50GW already in play, Masdar’s capacity acceleration strategy is well under way.
In January, memoranda signed with France’s Lhyfe and Austria’s OMV reinforce Masdar’s role in the broader Abu Dhabi Green Hydrogen Hub. Lhyfe brings 9.5GW in installed pipeline capacity and a proven track record in scalable hydrogen infrastructure. The partnership aims to unlock investment and accelerate deployment of large-scale European projects.
Hydrogen Derivatives Take Flight: Masdar and OMV Target eSAF
April 2025: In a broader push toward hydrogen derivatives, Masdar and OMV signed a non-binding agreement to co-develop synthetic sustainable aviation fuel (eSAF) and chemicals in Austria, the UAE, and across Central and Northern Europe. The collaboration hints at emerging cross-sectoral convergence in hydrogen-fueled aviation and industrial applications—once deemed niche, now rapidly approaching commercial scale.
Strategic Takeaways for the Green Hydrogen Sector
Cost Compression in India: Ocior’s bid pushes hydrogen prices closer to grid parity, a critical factor for industrial decarbonization.
Public-Private Synergies: HPCL’s tender illustrates how national oil companies are integrating green fuels, not just for ESG optics, but long-term energy economics.
Global Deployment Strategy: Masdar’s cross-border MOUs signal a pivot toward globalized infrastructure co-development—a model increasingly vital for hydrogen scalability.
Value Chain Expansion: The focus on derivatives like eSAF and synthetic chemicals shows Abu Dhabi is positioning for full-spectrum hydrogen economy leadership.
Conclusion
The Abu Dhabi Green Hydrogen Hub is optimizing with strategic wins like Ocior’s competitively priced tender and Masdar’s massive global ambitions underpinned by targeted partnerships. Abu Dhabi is steadily carving out a leadership role in the emerging hydrogen economy. The region’s data-rich, infrastructure-focused strategy is not only attracting attention—it’s setting benchmarks for others to follow.
