Green Power Procurement in the Agrochemical Sector in India

JMK Research & Analytics Research has published its report on 𝗚𝗿𝗲𝗲𝗻 𝗣𝗼𝘄𝗲𝗿 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗔𝗴𝗿𝗼𝗰𝗵𝗲𝗺𝗶𝗰𝗮𝗹 𝗦𝗲𝗰𝘁𝗼𝗿 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮, highlighting the sector’s decarbonization potential. Agrochemical manufacturing, which significantly relies on fossil fuels for both raw materials and energy, is considered a hard-to-abate industrial sector. As part of its broader decarbonization efforts, the industry is expected to integrate renewable energy (RE) through two key near-term opportunities: increasing the share of RE in direct electricity consumption and adopting green hydrogen in fertilizer production.
Based on these developments, India’s agrochemical manufacturing sector (including fertilizers) could integrate up to 𝟭𝟭 𝗚𝗪 𝗼𝗳 𝗥𝗘 𝗰𝗮𝗽𝗮𝗰𝗶𝘁𝘆 𝗯𝘆 𝟮𝟬𝟯𝟬, requiring an estimated investment of USD 7 billion. In addition to RE and green hydrogen, the sector also holds decarbonization potential through carbon capture and utilization (CCU) and scaling up the production of bio-products such as bio-fertilizers and bio-pesticides.

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