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In a landmark move poised to accelerate India's clean energy transition, IndianOil has finalized the Levelized Cost of Hydrogen (LCOH) for its ambitious 10,000 tonnes per annum (TPA) Green Hydrogen Generation Unit, slated for its Panipat Refinery & Petrochemical Complex. This pioneering project marks IndianOil's significant foray into the green hydrogen sector and is set to become the nation's largest green hydrogen initiative to date.
The state-owned energy giant announced on Friday that the new unit is targeted for commissioning by December 2027. Once operational, the green hydrogen produced will directly replace fossil-derived hydrogen currently utilized in the refinery's operations. This strategic shift is expected to yield substantial reductions in carbon emissions, propelling IndianOil towards a more sustainable and environmentally conscious operational model.
"Slated for commissioning by December 2027, the Green Hydrogen produced will replace fossil-derived Hydrogen in refinery operations, resulting in substantial reduction in Carbon emissions," IndianOil stated in a press release.
This project underscores IndianOil's commitment to India's renewable energy goals and positions the company at the forefront of the country's burgeoning green hydrogen economy. The transition from fossil-fuel-based hydrogen to green hydrogen at such a large scale is a crucial step in decarbonizing industrial processes and will contribute significantly to India's broader climate action objectives.
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