Indian Oil Corporation Limited (IOCL) is foraying into producing green hydrogen with a plant with an annual capacity of 10 kilo tonnes per annum. The facility is planned for construction in Panipat. The large-scale project is expected to commence operations within the upcoming 30 months. For this, the company has invited global tenders to develop the facility on the land next to its Panipat refinery.
As per the notification, the scope of work under the project includes supply of green hydrogen utilising clean energy sources. The company is planning to integrate this green hydrogen generation plant with the Panipat refinery’s existing hydrogen network. The plant will operate round-the-clock and is intended to produce 1,250 kg of green hydrogen per hour.
Recently in August 2023, Larsen & Toubro Limited in collaboration with ReNew and IOCL announced to invest Rs 320 billion for the green hydrogen projects. It also planned to invest around Rs 5 billion for manufacturing electrolysers.
In July 2023, IOCL floated bids for operations and maintenance of 3 MW solar PV project for a period of one year. The project is situated at IOCL’s LPG bottling plant in Kadapa, Andhra Pradesh.