In a major step towards promoting clean energy in India, IndianOil 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 & Petrochemical Complex.
This project marks IndianOil’s entry into the green hydrogen sector and will be the largest green hydrogen initiative in India to date.
“Slated for commissioning by December 2027, the green hydrogen produced will replace fossil-derived hydrogen in refinery operations, resulting in substantial reduction in carbon emissions,” said a company statement.
With a significant cut in carbon emissions, IndianOil will move towards a more sustainable and environment-friendly model, the statement added.
The company also added that this initiative is in line with Prime Minister Narendra Modi’s ‘National Green Hydrogen Mission’ and forms a critical part of IndianOil’s larger decarbonisation strategy as well as its net-zero target.
At the World Economic Forum 2025 in Davos, Switzerland, Arvinder Singh Sahney, Chairman of IOC, had informed the press about “substantial progress” 'made by the plant with a production capacity of 10,000 tons per annum.
The plant aims to bolster India’s green energy mission, contributing to a sustainable and carbon-neutral future.
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