Abu Dhabi's Ocior Energy Wins Bid for Green Hydrogen Supply at HPCL's Visakh Refinery
Key Ideas
  • Abu Dhabi's Ocior Energy secures bid to supply 5,000 tonnes of green hydrogen annually to HPCL's Visakhapatnam refinery at ₹328 per kg, driving the shift from grey to green hydrogen.
  • The project, structured on a build, own, operate basis for 25 years, highlights HPCL's commitment to adopting eco-friendly fuel alternatives.
  • Ocior Energy will establish the green hydrogen unit, integrating it with HPCL's existing infrastructure to enhance sustainability practices.
  • The winning bid reflects a growing trend in the refinery industry towards incorporating renewable fuels like green hydrogen to reduce environmental impact.
Abu Dhabi-based Ocior Energy has successfully secured a bid to supply 5,000 tonnes of green hydrogen annually to Hindustan Petroleum Corporation Limited's Visakhapatnam refinery in Andhra Pradesh, India. The project, valued at ₹328 per kg, excluding GST, is structured on a build, own, operate basis for a 25-year period. This initiative signifies HPCL's proactive approach towards replacing grey hydrogen with more sustainable green alternatives. Ocior Energy will be responsible for establishing the green hydrogen unit and integrating it seamlessly with HPCL's existing infrastructure. The bid marks a significant milestone in the transition towards renewable energy sources within the refinery industry, showcasing a commitment to environmental conservation. The project follows similar endeavors in the sector, such as L&T Energy Green Tech Ltd winning a bid to construct a green hydrogen plant at IOCL's Panipat refinery. The move towards green hydrogen not only reduces carbon footprint but also promotes the development of sustainable practices in the energy sector. Ocior Energy's expertise in producing green hydrogen and green ammonia, alongside its track record in executing projects across regions, positions it as a key player in driving the adoption of eco-friendly fuels. With the increasing focus on renewable energy projects, this partnership between Ocior Energy and HPCL sets a positive precedent for sustainable infrastructure development and energy transition in the region.
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