Platts to launch market-based India hydrogen assessment Dec. 11

Platts, part of S&P Global Commodity Insights, will launch a weekly market-based price assessment for renewable hydrogen in India, effective Dec. 11.

Platts first proposed launching the assessment on Oct. 6, in a subscriber note available here, with a feedback period ending Oct. 24. The feedback period was extended in a subscriber note on Oct. 27 available here.

Platts has amended the specifications of the new assessment as follows:

The location has been broadened to include the entire Indian domestic market, clarifying that transactions from India's west coast and interior states are suitable for inclusion.
The term of the assessment has been extended to include contracts with a tenure of 15-25 years.
The admissible volume of contracts within the assessment has been widened to reflect 5,000 metric tons to 25,000 mt per year.
The quality specification has been increased to include hydrogen of 99.9%.
The assessment will be published in Rupee/kg, Rupee/standard cubic meter, $/kg and $/MMBtu units.

The final amended specifications are listed below:

Assessment Name	India Renewable Hydrogen Term Contract
Term	Long-term offtake (15-25 years)
Basis and Location	Ex-Works (ex-plant) India
Volume	5,000-25,000 mt/year
Carbon Intensity	Up to 2 kg CO2/kg hydrogen well-to-gate
Quality	99.9% (chemical grade)
Delivery	2028 onwards
Unit	Rupee/kg, Rupee/scm, $/kg and $/MMBtu. The primary assessment unit will be Rupee/kg.
Timestamp and Holiday Calendar	Thursdays, 4:30 PM India timestamp, following the India holiday calendar

Please send any feedback, questions or comments to hydrogenassessments@spglobal.com, copying pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.