Ocior Energy Wins Bid to Supply Green Hydrogen to HPCL Refinery in Visakhapatnam
Key Ideas
  • Abu Dhabi-based Ocior Energy secures contract to supply 5,000 tonnes of green hydrogen annually to HPCL's Visakhapatnam refinery in Andhra Pradesh.
  • Ocior Energy to operate the green hydrogen project for 25 years, manufacturing green hydrogen at ₹328 per kg, showcasing a competitive pricing structure.
  • HPCL aims to shift from grey hydrogen to green hydrogen partially, with other companies like L&T Energy Green Tech also engaging in green hydrogen projects in India.
  • The winning bidder will oversee the construction of the green hydrogen generation unit and connect pipelines to HPCL's refinery, promoting the development of renewable energy infrastructure.
Abu Dhabi-based Ocior Energy has successfully secured a bid to supply 5,000 tonnes of green hydrogen per year to Hindustan Petroleum Corporation Limited's (HPCL) Visakhapatnam refinery in Andhra Pradesh, India. This green hydrogen project, operating on a build, own, and operate basis for 25 years, will see Ocior Energy producing green hydrogen at a competitive rate of ₹328 per kg, excluding GST. The bid win marks Ocior Energy as the second supplier after Indian Oil Corporation Limited (IOCL) to finalize a green hydrogen tender in India. HPCL's initiative to transition to green hydrogen aligns with the nation's renewable energy goals, with companies like L&T Energy Green Tech also securing projects in this sector. The bidding process involved multiple companies, with Jakson Green and L&T being among the top contenders. The winning bidder is tasked with constructing the green hydrogen generation unit and establishing pipelines to connect to HPCL's refinery, facilitating the integration of renewable energy infrastructure. Ocior Energy's expertise in green hydrogen production spans across various regions, with projects underway in Gujarat and Odisha, showcasing a commitment to sustainable energy solutions. The competitive pricing and operational longevity of the project indicate a positive outlook for the adoption of green hydrogen in the Indian energy sector, promoting a shift towards cleaner and more sustainable energy sources.
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