Indian Oil Corporation (IOC) is targeting to replace at least a tenth of its current fossil-fuel-based hydrogen at its refineries with carbon-free green hydrogen as part of a decarbonization drive.
The nation’s largest oil firm is setting up green hydrogen plants at its Panipat and Mathura refineries, IOC said in its latest annual report.
The company is venturing into green hydrogen production and is targeting 5 per cent of hydrogen produced by it as green hydrogen by 2027-28 and 10 per cent by 2029-30.
As part of its decarbonization drive, IOC is looking to replace hydrogen made by unabated fossil fuels with green hydrogen.
Tags: Fossil Fuels, Green Hydrogen, IOC, Mathura refinery, Panipat reinery, Refineries
Recent Posts
CMA CGM invests $214m in shipping decarbonisation
SEB adds shipping to 2030 net zero target
MB Shipbrokers and Azolla create decarbonisation solution
SJVN begins operations of 1500 MW Nathpa Jhakri hydro power station
ZeroAvia offers key hydrogen-electric engine components
Electric vessels leading Singapore’s decarbonization journey
Hanwha Ocean invests into ammonia technology with Amogy
Neste and New Jersey Natural Gas to cut GHG emissions