Indian Oil Corporation Limited (IOCL) has finalised the levelised cost of hydrogen (LCOH) for the green hydrogen generation unit at its Panipat refinery and petrochemical complex. The project, to be commissioned by December 2027, is expected to produce 10,000 tonnes of green hydrogen annually.
Panipat: The Indian Oil Corporation (IOC) has finalised its biggest green hydrogen production plant at its Panipat in Haryana Refinery and Petrochemical Complex in the northern part of the country slated to be ready by December 2027. Arvinder Singh Sahney, Chairman of IOC, during an exclusive conversation with media stated that the plant, with a production capacity of 10,000 tons per annum is likely to commence production by the schedule time making IOC’s entry into the green hydrogen space with India’s largest-ever green hydrogen project to date, however, he did not give costing and other financial details about this project. Green hydrogen is hydrogen gas produced by splitting water using renewable energy sources such as solar, wind, or hydropower. On burning, it produces only water. State-owned Indian Oil Corporation has finalised the levelized cost of hydrogen (LCoH) for setting up a 10,000 tonnes per annum green hydrogen generation unit at its Panipat refinery and petrochemical complex in Haryana, advancing India’s clean energy ambitions thus making IOC’s entry into the green hydrogen space with India’s largest-ever green hydrogen project to date.
According to an IOC spokesperson, the commissioning of this plant is expected to be completed by December 2027, and the green hydrogen produced will replace fossil-derived hydrogen in refinery operations, resulting in substantial reduction in carbon emissions. He said, Hydrogen is a fuel that can be produced from a variety of sources that have vast applications across industries ranging from oil refineries to steel plants and can power vehicles including cars, trucks, trains, ships, and even industrial processes. The green hydrogen is hydrogen gas produced by splitting water using renewable energy sources such as solar, wind, or hydropower which on burning produces only water.
Arvinder Singh Sahney
IOC chairman Arvinder Singh Sahney said the Panipat project is fully aligned with the government’s vision for National Green Hydrogen Mission and stands as a strategic initiative under the company’s decarbonization roadmap, also marks a major milestone towards achieving its net zero carbon emission target, reinforcing IOC’s leadership in country’s sustainable energy future, adding the hydrogen produced will replace fossil-based hydrogen used in refinery operations, reducing carbon emissions significantly. He confirmed that tenders have been received and the contract will be awarded soon in a major step towards promoting clean energy in India. He further stated that Indian Oil has finalised the levelized cost of Hydrogen for setting up a 10,000 tonnes per annum Green Hydrogen Generation Unit at its Panipat Refinery & Petrochemical Complex, and this project in the green hydrogen sector scheduled to complete its commissioning by December 2027 will be the largest green hydrogen initiative in India to date, and the Green Hydrogen produced will replace fossil-derived Hydrogen in refinery operations, resulting in substantial reduction in Carbon emissions and also will replace the fossil-fuel-based hydrogen currently used in the refinery’s operations.
IOC chairman also added that this initiative is in line with Prime Minister Narendra Modi’s vision under the National Green Hydrogen Mission and forms a critical part of IndianOil’s larger decarbonization strategy, also supports the company’s Net Zero target and demonstrates its commitment to leading India’s shift towards a cleaner and greener energy future. He said, “Green hydrogen plant is now alive. We have got very good bids for it. Now the tenders are under evaluation and within a month or so, we will be able to award the job and within two years the green hydrogen in the 10,000 tons per annum plant at Panipat will be commissioned.”
