Indian Oil receives five bids for green hydrogen plant

Indian Oil Corporation (IoCL) has received five bids to establish a 10,000-tonne-per-annum green hydrogen plant at its Panipat refinery in Haryana, marking a significant step in India’s push towards cleaner energy. The plant, set to become the largest of its kind in the country, aims to produce green hydrogen, a climate-friendly alternative fuel for hard-to-abate

Indian Oil considers cancelling maiden green hydrogen tender again

State-run oil refining and marketing major Indian Oil Corporation Ltd (IOCL) is believed to be considering cancelling the tender for its maiden green hydrogen plant to revise norms to attract more bidders, according to some reports. The bids for the tender closed on July 9 with two entities in the race—GH4India, a consortium that includes

Indian Oil hands over hydrogen bus to Navy for trials

Indian Oil has handed over a state-of-the-art green hydrogen fuel cell bus to the Indian Navy for trials and performance testing as part of the government’s green initiative. The event held at the Nau Sena Bhavan in the national capital was marked by the signing of an MoU between Indian Oil and the Indian Navy

India Oil inks pact for biofuel JV with GPS Renewables

Indian Oil Corporation announced that it has signed an agreement with GPS Renewables Private Limited to form a 50:50 joint venture company dedicated to advancing biofuel adoption across the country. Public sector giant Indian Oil Corporation announced on Wednesday that it has signed an agreement with GPS Renewables Private Limited to form a 50:50 joint

SHM Shipcare & ONGC initiate a new era in Indian oil & gas industry

SHM Shipcare, a pioneering force in India’s shipbuilding, maritime, and offshore sector and a renowned provider of life-saving services worldwide, unveiled a ground-breaking innovation, signalling the dawn of “Wings-to-Waves” transformation within the nation’s vital oil and gas industry. The company proudly launched the first of its kind Fast Crew Boat Sea Stallion-I, a 42-meter vessel

Indian Oil opens ethanol fuel pump

The fuel, named, Ethanol 100, will cater to vehicles that can run on ethanol and is available at around 183 fuel outlets across five states – Maharashtra, Karnataka, Uttar Pradesh, New Delhi and Tamil Nadu. In a bid to capitalise on the government’s push for ethanol as one of the alternatives to fossil fuels, India’s

CONCOR and Indian Oil sign MoU

In a significant event witnessed by dignitaries including Sanjay Swarup, CMD CONCOR, and Sujoy Choudhary, Director (Planning & Business Development, Indian Oil, a Non-Binding Memorandum of Understanding (MOU) was signed between Container Corporation of India Ltd (CONCOR) and Indian Oil Corporation Ltd (IOCL) on January 29, 2024, at CONCOR Bhawan, New Delhi. The purpose of

India plans LNG terminal in Iraq

India is planning to build a liquefied natural gas (LNG) terminal in Iraq as it looks to diversify supplies and strengthen its energy security, a government official said. The terminal will liquify some portion of the gas currently flared by Iraq and transport it to India, where it will be converted back to LNG for

IndianOil and Praj form JV for building biofuels production capacities in India

In a recent development, Indian Oil Corporation Limited and Praj Industries Limited signed a term sheet to advance plans to strengthen biofuels production capacities in India. Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel and Bio-bitumen among others. Earlier in October 2021, both the Companies had entered

Huge incentives planned for green hydrogen industry

The India government is planning a $2 billion incentive programme for the green hydrogen industry, in a bid to cut emissions and become a major export player in the field. The 180-billion-rupee ($2.2 billion) incentive aims to reduce the production cost of green hydrogen by a fifth over the next five years. It would do