The World Hydrogen Council has accepted Indian Oil Corporation as a member. Indian Oil Corporation is the country’s largest oil marketing company. This global CEO-led coalition working to accelerate the energy transition through hydrogen now has 123 members representing a wide range of industries – from utilities, chemical producers, energy companies, and engineers to mobility providers and bankers, among others – all committed to scaling up the hydrogen value chain to contribute to a clean and diverse energy system.
The World Hydrogen Council thinks that hydrogen can help achieve global decarbonisation targets by assisting in the diversification of energy sources, the promotion of business and technical innovation as drivers of long-term economic growth, and the decarbonisation of hard-to-abate industries. Indian Oil Corporation, for its part, is making significant efforts to diversify into the generation of alternative fuels and is expanding its hydrogen supply capabilities. Chairman SM Vaidya’s statement at the company’s 62nd annual general meeting provided ample proof of this.
“Let me state unequivocally that environmental conscience will be a critical priority in all of our operational and marketing endeavours, balancing environmental priorities will be critical for a sustainable future. Against this backdrop, the Hon’ble Prime Minister’s announcement of the National Hydrogen Mission, which aims to make India a centre for manufacturing and exporting green hydrogen, is critical. This vision confirms the green growth path that Indian Oil is already on as the ‘Energy of India,” said S M Vaidya.
Hydrogen is the most promising energy frontier of the future, and Indian Oil has been at the forefront of India’s efforts to harness the power of this futuristic fuel. To complement our renewable energy portfolio, Indian Oil will construct the country’s first ‘Green Hydrogen’ plant at the Mathura Refinery, paving the way for green hydrogen in India. This cutting-edge, emission-free gasoline has the potential to be a game-changer for a country that is one of the world’s top crude oil importers. Indian Oil, as the world’s largest fuel refiner and reseller, is pursuing ambitious ambitions for hydrogen production in a variety of colours, including using renewable energy to make green hydrogen.
The Indian Oil Research and Development Centre has been conducting cutting-edge research in all aspects of hydrogen, including production, storage, and applications such as fuel cells. In Delhi, we conducted a Hydrogen CNG (HCNG) experiment in which we converted 50 CNG BS-IV buses to run on HCNG fuel. The results showed significant reductions in exhaust emissions and improved fuel economy. This is a good step for improving the air quality of our cities, as the majority of the transit fleet is BS-IV compliant buses.
S M Vaidya, the Chairman of Indian Oil, stated that the company is in the process of establishing one-tonne per day pilot plants based on four novel hydrogen production methods. Along with Tata Motors, it would operate 15 fuel cell buses in the Delhi-NCR region. It will also spawn hydrogen mobility by commoditizing excess hydrogen available at the Gujarat refinery and providing a dispensing station for hydrogen-powered buses.
