IOCL to introduce green hydrogen plant at Panipat

Indian Oil Corporation Ltd. (IOCL) aims to build a statewide network of green hydrogen fuel dispensing stations as part of its $30 billion ambition to attain net-zero emissions by 2046. The plan will begin by replacing grey hydrogen with green hydrogen at refineries before expanding to meet mobility needs.

Indian Oil Corporation (IOCL) plans to establish a nationwide network of green hydrogen fuel dispensing stations as part of its $30 billion strategy to achieve net-zero emissions by 2046.

Arvinder Singh Sahney, Chairman, indicated that IOC will start by replacing grey hydrogen with green hydrogen at its refineries before expanding to meet mobility needs. The plan includes retailing green hydrogen fuel from its upcoming 10,000-tonne-per-annum plant at the Panipat refinery, set to be commissioned by December 2026. Currently, India has only three to four dispensing stations, with IOC operating two. The chairman highlighted the importance of building an ecosystem to support green hydrogen-fuelled transport.

The plant in Panipat will be the country’s largest, producing green hydrogen at USD 4.66 per kg, below the government’s USD five/kg target. IOCL is also open to export opportunities, aligning with India’s National Green Hydrogen Mission.