Indian Oil Corp. Plans to Set Up Green Hydrogen Fuel Dispensing Pumps Nationwide
Key Ideas
  • Indian Oil Corp. is investing $30 billion to achieve net zero emissions by 2046, with a focus on green hydrogen fuel dispensing pumps nationwide.
  • The company plans to replace grey hydrogen with green hydrogen for its captive consumption and eventually cater to the country's mobility demand with green hydrogen fuel cells.
  • Indian Oil is setting up a 10,000 tonne per annum green hydrogen generation unit at its Panipat refinery and aims to sell green hydrogen for mobility use.
  • The Indian government's National Green Hydrogen Mission also aims to make India an export hub for green hydrogen, with various companies entering this sector.
Indian Oil Corp. (IOC) is strategically moving towards green hydrogen by planning to set up green hydrogen fuel dispensing pumps nationwide. The chairman, Arvinder Singh Sahney, highlighted the company's $30 billion investment plan to achieve net zero emissions by 2046. The focus is on replacing grey hydrogen with green hydrogen for captive consumption at refineries and meeting the mobility demand in India. Indian Oil aims to retail green hydrogen fuel cells and has already started work on a 10,000 tonne per annum green hydrogen generation unit at its Panipat refinery. The company is also exploring opportunities for green hydrogen in mobility, with plans to establish an ecosystem for green hydrogen use in vehicles. Indian Oil's strategy includes setting up carbon emission-free fuel dispensing stations at new locations. The sentiment in the article is positive, with a strong emphasis on the potential of green hydrogen in reducing carbon emissions and meeting energy needs sustainably. The Indian government's National Green Hydrogen Mission aligns with these efforts and aims to position India as an export hub for green hydrogen. Various companies, including Indian Oil Corp., Reliance Industries, and Adani Group, are actively engaging in green hydrogen initiatives to drive the transition towards cleaner energy sources.
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