Indian Oil Corporation Ltd. announced its plan to build India’s first green hydrogen plant at its Mathura refinery.
Green Hydrogen will bring a significant change for the economy like India, which has a high carbon consumption, so that this initiative will promote emission-free fuel in the country. India imports 85% of its oil, and 53% of gas can also reduce its import.
IOC chairman Shrikant Madhav Vaidya’s said that the country’s largest fuel retailer now plans to use green hydrogen to replace carbon-emitting fuels used in the refinery. It is helpful to process crude oil into value-added products such as petrol and diesel and use electricity generated from clean energy sources.
Union Cabinet’s draft project
As per reports, Union Cabinet made a draft that stated green hydrogen in fertilizers and oil refineries. Fertilizer plants and oil refineries have to use green hydrogen to meet 0.15% of their total hydrogen requirements starting from 2023-24 and ramping up to a tenth of their complete needs within six years.
State-run NTPC also plans to generate green hydrogen on a commercial scale from the electricity generated by the solar panels and installed in its upcoming 4,750-megawatt renewable energy park at Rann of Kutch in Khavada Gujarat.
The firm is already working on developing hydrogen production, storage, and applications like hydrogen fuel cells. It has already announced its operating 15 fuel cell buses in the Delhi-NCR region and Tata Motors. They shared a statement of intent with Norway-based Greenstar to set up a Centre of Excellence on Hydrogen in India to accelerate a gradual transition from fossil fuels to renewable energy.
Setting up a manufacturing unit for electrolyzers was also a part of the Rs 75,000 crore green energy investment announcement recently made by Reliance Industries.
IOCL has drawn a strategic growth path to focus on its core refining and fuel marketing businesses while making more significant inroads into petrochemicals, hydrogen, and electric mobility over the next ten years, added Vaidya. “Mathura has been selected (for green hydrogen production) because of its proximity to Taj Trapezium Zone.”
IOC will build the India’s first ‘green hydrogen’ plant in Mathura refinery. It’s preparing for a future catering to the growing demand for both oil and cleaner forms of energy.
Indian Oil Corporation (IOC) will focus on its core refining and fuel marketing businesses while making more significant inroads into petrochemicals, hydrogen, and electric mobility over the next ten years, Shrikant Vaidya said.
Mr. Vaidya said in PTI interview that the company will not set captive power plants at all its future refinery and petrochemical expansion projects. Instead, it will use the 250 MW of electricity produced from renewable sources.
He added that they have a wind power project in Rajasthan. They intend to wheel that power to our Mathura refinery and use that electricity to produce absolutely green hydrogen through electrolysis.
It will be the Nation’s first green hydrogen unit. Previously announced projects are to produce grey hydrogen using fossil fuels such as natural gas. Hydrogen is a clean fuel but manufacturing it is energy intensive and has carbon byproducts.
Green hydrogen production – the ultimate clean hydrogen resource – uses renewable energy to create hydrogen fuel.
“Mathura has been selected by virtue of its proximity to Taj Trapezium Zone.” Vaidya said that adding the green hydrogen will replace carbon-emitting fuels that are used in the refinery to process crude oil into value-added products such as petrol and diesel.
He said all expansion projects would use grid electricity, preferably green power, to meet the energy requirements.
IOC’s refinery expansion plans include raising the capacity of units at Panipat in Haryana and Barauni in Bihar and setting up a new branch near Chennai.
Mr.Vaidya said that they are going to add 25 million tonnes of our refining capacity by the year 2023-24. There are 80.5 million tonnes now including CPCL, we are going to be 105 million tonnes.
Vaidya said IOC was pushing ahead with research on carbon capture, utilization, and storage technologies — space where it is seeking global collaboration to meet its Paris climate goals.