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IOCL's Green Hydrogen Push: A Fresh Start with Renewed Ambitions

28 Feb 2024

IOCL's Green Hydrogen Revolution: A Resilient Path Forward in India's Energy Transition

In a strategic move towards sustainable energy solutions, Indian Oil Corporation Limited (IOCL) is set to relaunch its tender for establishing a green hydrogen production unit. This decision aligns with IOCL's ambitious Rs 2.4 trillion green transition plan, aiming to achieve net-zero carbon emissions by 2046. The initial tender faced challenges, leading to its cancellation and subsequent plans for a revamped approach.

The cancelled tender, which had stirred discussions and legal actions, called for a 10-kilo tonnes per annum capacity green hydrogen production unit at IOCL's Panipat refinery and petrochemicals complex. The company's decision to reissue the tender emphasizes its commitment to building a sustainable production base for green hydrogen—a critical component of India's national energy agenda.

Notably, IOCL's green hydrogen endeavors have been met with scrutiny, with bidders raising concerns about potential conflicts of interest. GH4India Pvt Ltd, a joint venture between IOCL and Larsen & Toubro (L&T), triggered discussions on the transparency and fairness of the tender process.

While there is no precise timeline for the relaunch of the tender, IOCL remains focused on advancing the green hydrogen agenda as a national priority. The move reflects the company's dedication to fostering innovation, sustainability, and a cleaner energy landscape.

In a parallel development, another significant player, Bharat Petroleum Corporation Limited (BPCL), is set to play a pivotal role in determining green hydrogen prices in the country. BPCL's tender for a 1,000-kilowatt green hydrogen plant and refueling station in Kerala is poised to be a landmark event, marking the first instance of green hydrogen price discovery through competitive bidding in India.

As India charts its course towards energy independence and a sustainable future, IOCL's renewed efforts and BPCL's upcoming tender showcase the dynamic evolution of the country's green hydrogen landscape. These initiatives form integral parts of the National Green Hydrogen Mission, contributing to India's vision of becoming a global leader in green energy production.

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