Indian Oil, L&T, ReNew form JV for green hydrogen projects

A joint venture of Indian Oil Corporation, L&T and ReNew to focus on green hydrogen projects has been incorporated with the three partners investing ₹1 crore each in its authorised capital. The JV company GH4India Private Ltd., incorporated on August 25, has been formed for the purpose of development of green hydrogen and its derivatives,

Indian Oil to invest $30 bn to achieve net-zero target

Indian Oil Corp plans to spend $30 billion to achieve its net-zero operational emissions target by 2046, the oil refiner’ chairman said. The company also announced an investment of Rs1 lakh crore ($12bn) to increase its refining capacity, already India’s largest, by a third. Under this plan, Indian Oil will have a refining capacity of

Indian Oil, Praj to form JV for biofuels production

Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel and Bio-bitumen among others, Praj Industries said.

IOC considering setting up green hydrogen units in TN and Kerala

The company has proposed ₹54,000 crore investments, including the ₹35,580-crore greenfield refinery project, in Tamil Nadu.

Oil refiners from India using CNY to buy Russian crude

In June, Indian Oil was the first state refiner to pay for Russian crude in yuan, while at least two of India's three private refiners have completed similar transactions.

India mulls kicking off to seek equity in three big refineries

The Oil Ministry asked state-controlled Indian Oil Corp (IOC.NS) and Bharat Petroleum Corp Ltd (BPCL) (BPCL.NS) to launch rights issues, and asked Hindustan Petroleum Corp Ltd (HPCL) (HPCL.NS) to make a preferential share allotment to the government.

GAIL bags licence for Gurdaspur-Jammu gas pipeline

State-owned GAIL (India) Ltd beats Indian Oil Corporation (IOC) to win a licence to build a gas pipeline from Gurdaspur in Punjab to Jammu, oil regulator PNGRB said. In a statement, Petroleum and Natural Gas Regulatory Board (PNGRB) said that it had in January invited application cum bids for grant of authorisation for the Gurdaspur-Jammu

IOC to set up aviation fuel plant with LanzaJet

The move to establish the facility would help deal with availability issues as global supplies run significantly short of what’s needed by airlines to meet decarbonization goals.

IOC plans green jet fuel plant

Indian Oil Corp. (IOC) is planning to build a Rs 1,000 crore ($122 million) sustainable aviation fuel plant as global supplies run significantly short of what’s needed by airlines to meet decarbonization goals. The facility will have capacity to produce 88,000 tons of SAF a year and Indian Oil is seeking to partner with other

Axiom Global wins IOC award

Axiom Global, a bunker supply and oil trading company has won the Indian Oil Corporation (IOCL) award for the Highest Bunker Volume in 2022 at the Institutional Business Customers Meet at IOCL in Haldia, India. “Since the inception of the company in 2019, we have been working very closely with IOCL and have strived hard