The State-owned Indian Oil Corporation (IOC) has announced its entry into the green hydrogen space with the establishment of a 10,000 tonnes per annum green hydrogen generation unit at its Panipat refinery and petrochemical complex in Haryana. The project aims to produce green hydrogen by splitting water using renewable energy sources like solar, wind, or hydropower. This initiative represents India's largest-ever green hydrogen project to date. The levelized cost of hydrogen (LCoH) for the project has been finalized, although specific financial details were not disclosed in the statement. The green hydrogen produced at Panipat will replace fossil-derived hydrogen in refinery operations, leading to a significant reduction in carbon emissions. The project is expected to be operational by December 2027. Hydrogen is a versatile fuel with applications across various industries and can be derived from different sources. IOC's green hydrogen project is in line with the government's vision for the National Green Hydrogen Mission and is a strategic step in the company's decarbonization roadmap. It also signifies a significant milestone in IOC's journey towards achieving its net zero carbon emission target. Overall, this project showcases IOC's leadership in India's sustainable energy future and demonstrates the importance of green hydrogen in advancing clean energy ambitions.