Indian Oil Corp. Unveils Ambitious Plan for Green Hydrogen Expansion
Key Ideas
  • Indian Oil Corp. plans to set up green hydrogen fuel dispensing pumps across India, aiming to cater to mobility demand and achieve net zero by 2046.
  • The company's investment plan involves setting up carbon emission-free fuel stations at new locations, emphasizing the importance of safety protocols for green hydrogen.
  • Indian Oil's green hydrogen generation unit at Panipat refinery, coupled with efforts to reduce production costs, positions it as a significant player in India's green hydrogen market.
  • Various companies, including NTPC Ltd, Reliance Industries, Adani Group, and others, are actively involved in green hydrogen projects, signaling a growing interest in the sector in India.
Indian Oil Corp., the largest oil-marketing company in India, is embarking on an ambitious plan to introduce green hydrogen fuel dispensing pumps nationwide. The company aims to transition from grey to green hydrogen, initially focusing on captive consumption at refineries and eventually expanding to meet mobility demands. Safety measures for green hydrogen stations are a key priority, necessitating dedicated infrastructure for retail sales. Indian Oil's $30 billion investment plan includes establishing carbon emission-free fuel stations at new locations. The company's green hydrogen generation unit at the Panipat refinery, set to be operational by December next year, highlights its commitment to sustainability. With a focus on reducing production costs, Indian Oil aims to make green hydrogen more accessible, supporting India's goal of producing 5 million tonnes annually by 2030. The company also plans to explore export opportunities. Indian Oil's initiatives align with the National Green Hydrogen Mission, with other major players like Reliance Industries and Adani Group entering the green hydrogen market. The growing interest in green hydrogen is evident from collaborations between companies to develop green hydrogen projects in India.
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