Indian Oil Corporation to Develop Country's First Green hydrogen Plant

• IOC prepares to set up Green Hydrogen Plant at Mathura refinery.
• It will utilize the 250 MW of electricity it generates from eco-friendly sources like solar power.

India's biggest oil firm, Indian Oil Corporation Limited (IOC) has revealed plansto construct the first-ever commercial eco-friendly hydrogen plant at its Mathura refinery in Uttar Pradesh.

IOC has taken this action intending to preserve concentrate on its core refining and also gas advertising and marketing businesses while making bigger invasions right into petrochemicals, hydrogen and also electric mobility over the following ten years, says IOC chairman, Mr. Shrikant Madhav Vaidya.

According to the sources, the business will certainly not set captive power plants in all its future refinery and also petrochemical expansion projects and also rather utilize the 250 MW of electrical energy it produces from sustainable sources like solar power.

The business has a wind power project in Rajasthan. As well as now plans to wheel that power to its Mathura refinery as well as usage that power to create green hydrogen with electrolysis. Notably, this will certainly be the country's initial eco-friendly hydrogen plant.

Before that, plants producing hydrogen have actually been announced too however, with nonrenewable fuel sources such as all-natural gas.But, these procedures leave a large carbon footprint hence. Nevertheless procedures such as methane pyrolysis and also water electrolysis can be done straight with any source of electricity, such as solar power, that produces Green Hydrogen, which is a tidy power gas.

"Mathura has actually been picked under its closeness to TTZ (Taj Trapezium Area)," Vaidya stated including the eco-friendly hydrogen will certainly change carbon-emitting fuels that are used in the refinery to refine petroleum right into value-added products such as petrol and diesel. He said all of the development projects will use grid electrical power, preferably environment-friendly power to satisfy the energy requirements.

IOC has actually got several growths down the line which are currently authorized. This will certainly aid decarbonize some parts of the production too. IOC's refinery development plans consist of raising the capability of units at Panipat in Haryana and Barauni in Bihar as well as establishing a new unit near Chennai.

IOC is mosting likely to include 25 million tonnes of its refining capacity by the year 2023-24. According to the Chairman, it stands at 80.5 million tonnes now consisting of CPCL and is mosting likely to be 105 million tonnes.

Earlier, IOC had actually welcomed bids for the supply of PEM gas cell buses in December 2020, as well as Tata Motors was selected as the champion for the 15 hydrogen-based proton exchange membrane layer (PEM) gas cell buses. All 15 buses will be supplied within 144 weeks from authorizing the Memorandum of Recognizing (MOU).

According to the firm, IOC currently has installed 286 billing terminals, including switching stations, throughout the country, which will certainly be raised to 3,000 EV charging terminals in the following couple of years.