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

IOC drops plans for green hydrogen unit

The company says setting up a green hydrogen unit at Panipat is more economical. “At present, IOC is setting up a 7 KTA green hydrogen plant and associated facilities in Panipat, and there is no plan to set up such facilities in Mathura,” it said. This marks a departure from the oil refiner’s original plan.

Indian Oil and NEGL agree on green energy projects

NGEL, the renewable energy (RE) subsidiary of India’s largest electricity producer NTPC Limited, signed a joint venture agreement with Indian Oil Corporation Limited (IOCL), for setting up renewable energy projects to meet round-the-clock (RTC) power requirement of refineries of IOCL. Through the JV, NTPC plans to help IOCL set up RE projects to the tune

IOC to develop Haldia refinery into petrochemicals complex

Indian Oil Corporation (IOC) is keen to develop its existing refinery in West Bengal Haldia into petrochemicals complex for sustaining operations profitably. Running a standalone refinery is “not sustainable in terms of profitability” for which it has to be supplemented by a petrochemicals complex. IOC has sought land from Haldia Fertiliser Corporation (HFC), whose factory

IOC to set up green hydrogen plants at all refineries

According to IOC Chairman Shrikant Madhav Vaidya, the top Indian refinery will set up green hydrogen plants at all its refineries as it pivots a Rs 2-lakh crore green transition plan to achieve netzero emissions from its operations by 2046. Indian Oil Corporation (IOC) is remodelling its business with an increased focus on petrochemicals to

Indian refiners to set up green hydrogen facilities by 2030

The Indian public sector oil refineries have together planned to set up 137 kilo tonnes per annum (ktpa) of green hydrogen facilities by 2030. This was revealed by Dr S S V Ramakumar, Director – R&D, Indian Oil Corporation, at the India Energy Week, held recently in Bengaluru. Participating in a panel discussion on green

IOC starts exporting gasoline

Indian Oil Corporation (IOC) has started the exports of aviation gasoline, which is used to operate unmanned aerial vehicles (UAVs) and small planes. The beginning of fuel exports marks the entry of India into an estimated $2.7 billion global market. The first consignment of 80 barrels of aviation gas was shipped from the Jawaharlal Nehru

IOC to achieve netzero operational emissions by 2046  

Indian Oil has achieved 10% ethanol blending with Petrol in Tamil Nadu & Puducherry and is working towards 20% ethanol blended petrol in line with government mandate.   SATAT’ scheme on Compressed Biogas (CBG) encourages entrepreneurs to set up CBG plants, produce & supply CBG to Oil Marketing Companies (OMCs) like IndianOil for sale as automotive

Hydrogen fuel cell-powered buses for Kerala

Giving a major impetus to the transition from the use of fossil fuels towards clean energy resources, the Indian Oil Corporation has written to the Kerala State government seeking its permission to pilot hydrogen fuel cell-powered buses in the State. The Indian Oil Corporation’s (IOC) research and development (R&D) centre has successfully developed and test-run

IOC to monetise hydrogen units

Country’s largest public-sector refiner Indian Oil Corporation (IOC) plans to hive off hydrogen producing units and sulphur recovery facilities at its refineries to a separate entity and then sell stakes in it to the private sector to raise close to Rs 10,000 crore. The plan is in line with the government’s asset monetisation programme where