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Indian Oil Corporation (IOC), the state-owned oil major, has moved decisively into the green hydrogen sector by finalising the levelized cost of hydrogen (LCoH) for a 10,000 tonnes per annum green hydrogen facility at its Panipat refinery and petrochemical complex in Haryana. This is being touted as India's largest green hydrogen project so far. The upcoming facility, which aligns with the National Green Hydrogen Mission, is expected to replace fossil-based hydrogen in refinery operations, marking a significant stride in IOC's decarbonisation strategy and India's clean energy transition.
The public sector energy giant Indian Oil Corporation (IOC) has made a major contribution to the advancement of India's clean energy agenda by completing the levelized cost of hydrogen (LCoH) for a green hydrogen production plant at its refinery and petrochemical complex in Panipat, Haryana. This green hydrogen unit is designed to produce 10,000 tonnes annually, marking the company's formal entry into the green hydrogen sector through what is being hailed as the largest green hydrogen project in India to date. Advertisement
The company, in its official statement issued earlier this week, noted that the hydrogen generated from this facility would be entirely green-produced through electrolysis using renewable sources such as wind, solar, or hydropower. Once operational, it will replace conventionally sourced hydrogen derived from fossil fuels currently used in refining processes, thereby helping to drastically cut carbon emissions.
Although IOC confirmed the finalisation of the LCoH, it withheld specific financial and cost-related details at this stage.
The plant, which is scheduled to be commissioned by the end of 2027, is expected to play a crucial role in the firm's broader decarbonisation roadmap. IOC conveyed that this initiative directly supports the government's National Green Hydrogen Mission, under which India seeks to emerge as a global hub for green hydrogen production and export.
The statement further highlighted that the Panipat project not only reflects the company's climate-conscious pivot but also signifies an important milestone in its journey toward achieving net zero carbon emissions. The company underlined that this strategic development bolsters its leadership in sustainable energy and reinforces its commitment to a greener industrial future for India.
Hydrogen, recognised for its versatility, has broad industrial applications-from powering vehicles and heavy transport systems to supporting processes in refineries and steel manufacturing. Green hydrogen, in particular, is viewed as a game-changer due to its ability to provide energy without emitting carbon, producing only water when burnt.
The focus on green hydrogen not only positions IOC as a front-runner in the country's clean energy transition but also underscores its commitment to reshaping refinery operations with climate-conscious innovations. This strategic pivot is likely to serve as a catalyst for other industry players as India pushes towards energy independence through sustainable means.
Source - PTI
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