Indian Oil Corporation’s (IOC) ambitious green hydrogen project has garnered significant interest from leading companies, including Linde, Acme, and Thermax. IOC, India’s largest oil refiner, is planning to set up a green hydrogen production unit at its Panipat refinery in Haryana.
The project aims to produce 100 kilotons per annum of green hydrogen, using electrolysis technology powered by renewable energy. According to sources, over a dozen companies have expressed interest in partnering with IOC for the project. The interested parties include:
Linde: A global industrial gases company with expertise in hydrogen production and distribution.Acme: A leading Indian renewable energy company with experience in solar and wind power.Thermax: An Indian energy and environment solutions company with expertise in hydrogen generation and storage.
The project’s tender process is expected to commence soon, with IOC seeking partners for technology, engineering, procurement, and construction (EPC) services. The green hydrogen project aligns with India’s National Hydrogen Mission, aiming to promote the use of hydrogen as a clean energy source. IOC plans to use the green hydrogen produced at Panipat to power its refineries, petrochemical plants, and transportation fleet.
India’s push for green hydrogen is driven by its commitment to reduce carbon emissions and transition to cleaner energy sources. The country aims to achieve 15% of its energy requirements from hydrogen by 2050. The IOC project is significant, as it will help establish India’s green hydrogen ecosystem and encourage other industries to adopt the clean energy source.
According to IOC Chairman, S.M. Vaidya, “The green hydrogen project at Panipat will be a milestone in India’s energy transition journey. We are excited to partner with leading companies to make this vision a reality.”
The project’s success will also depend on the government’s support policies, including tax incentives, subsidies, and regulations to promote green hydrogen adoption. As India strives to become a leader in the global hydrogen economy, the IOC project will serve as a model for other industries to follow.
