Transition to Green Hydrogen Could Cost India’s Refining Sector $3/bbl, Says Emkay Global Financial Services

A recent report by Emkay Global Financial Services has highlighted that India's transition from gray hydrogen to green hydrogen could have significant cost implications for the country's refining sector, potentially impacting gross refining margins (GRM) and earnings before interest, taxes, depreciation, and amortization (EBITDA). The report indicates that replacing gray hydrogen with green hydrogen could