STOCKWATCH
·
Refineries & Marketing
Expansion30 May 2025, 04:24 pm

IndianOil Finalises India's Largest Green Hydrogen Project at Panipat

AI Summary

In a significant step towards advancing India's clean energy goals, IndianOil has finalized the Levelized Cost of Hydrogen (LCoH) for setting up a 10,000 Tonnes Per Annum Green Hydrogen Generation Unit at its Panipat Refinery & Petrochemical Complex. This project, marked as India's largest-ever green hydrogen project, is expected to commission by December 2027. The green hydrogen produced will replace fossil-derived hydrogen in refinery operations, leading to a substantial reduction in carbon emissions. The project aligns with the Hon’ble Prime Minister’s vision for the National Green Hydrogen Mission and serves as a strategic initiative under IndianOil’s decarbonization roadmap, bringing the company closer to its Net Zero target and reinforcing its leadership in India's sustainable energy future.

Key Highlights

  • IndianOil finalized Levelized Cost of Hydrogen (LCoH) for a 10,000 Tonnes Per Annum Green Hydrogen Generation Unit at Panipat Refinery & Petrochemical Complex.
  • Project marks India's largest-ever green hydrogen project to date.
  • Green Hydrogen to replace fossil-derived Hydrogen in refinery operations, reducing Carbon emissions.
  • Project aligns with the National Green Hydrogen Mission and IndianOil’s decarbonization roadmap.
  • A major milestone in achieving IndianOil’s Net Zero target.
IOC
Refineries & Marketing
INDIAN OIL CORPORATION LTD.

Price Impact