In Short : As the lowest bidder, Onix Renewable has secured its fifth green ammonia supply contract under SECI’s SIGHT Scheme. The agreement entails providing Gujarat Narmada Valley Fertilizers & Chemicals in Bharuch with 50,000 metric tons of green ammonia annually. With a tariff of ₹52.50/kg, Onix outbid earlier bidders and demonstrated cost competitiveness in the market for renewable hydrogen derivatives.
Forecasts and Market Trends
Steady Pricing Downward: Onix’s offer of ₹52.50/kg supports the trend toward affordability by being in line with declining pricing across green ammonia bids.
Improved Industry Dynamics: As the green ammonia supply chain matures and becomes more operationally ready, Onix is now among a number of companies that routinely win SECI tenders.
Effects on Renewable Resources and Clean Energy
Fertilizer Production Decarbonization: By facilitating the supply of green ammonia, which is generated from hydrogen powered by renewable energy, Onix directly helps to lower the carbon footprint associated with the production of fertilizer.
Scaling the Green Hydrogen Ecosystem: Further success in SECI tenders encourages the commissioning of electrolyzers, the development of renewable infrastructure, and increased market trust in green hydrogen technologies.
The Significance of It
Establishing Credibility: In India’s rapidly changing green ammonia industry, Onix’s numerous SECI contracts position it as a dependable and economical provider.
Policy Alignment: By facilitating industrial decarbonization and domestic energy resilience, the contract supports India’s strategic thrust under the National Green Hydrogen Mission.
Catalyzing Investment: The results of competitive bidding promote more private sector involvement and investments in green ammonia synthesis, renewable energy, and electrolyzer production.
The bottom line
By providing a combination of cost effectiveness, execution capability, and policy alignment, Onix Renewable’s most recent triumph solidifies its position as a top supplier in India’s green ammonia market. These tenders are contributing to green ammonia becoming a viable cornerstone of a cleaner, sustainable energy future as prices continue to decline.
