Latest news with #ArvinderSinghSahney
Time of India
a day ago
- Business
- Time of India
Indian Oil bets big on clean energy with 10,000-tonne Panipat plant
In a major stride toward clean energy transition, Indian Oil has finalised the Levelized Cost of Hydrogen (LCOH) for India's largest green hydrogen generation unit at its Panipat Refinery & Petrochemical Complex, the company said in a statement on Friday. Slated for commissioning by December 2027, the facility will produce 10,000 tonnes of green hydrogen annually — replacing fossil-fuel-based hydrogen currently used in refinery operations and significantly reducing carbon emissions. "This initiative is aligned with Prime Minister Narendra Modi's National Green Hydrogen Mission and forms a critical part of IndianOil's broader decarbonisation strategy ," the state-run oil major said. The project marks IndianOil's formal entry into the green hydrogen sector and is set to be the largest such initiative in the country to date. It is expected to play a pivotal role in helping the company meet its Net Zero targets. Indian Oil Chairman Arvinder Singh Sahney, speaking earlier this year at the World Economic Forum in Davos, said, 'The green hydrogen plant is now alive. We have got very good bids for it. And now the tenders are under evaluation. Within a month or so, we will be able to award the job, and within two years, that 10,000 tons per annum plant at Panipat will be commissioned.' The plant aims to boost India's green energy push and reinforce IndianOil's position at the forefront of the country's energy transformation journey.
Time of India
2 days ago
- Business
- Time of India
Indian Oil bets big on clean energy with 10,000-tonne Panipat plant
In a major stride toward clean energy transition, Indian Oil has finalised the Levelized Cost of Hydrogen (LCOH) for India's largest green hydrogen generation unit at its Panipat Refinery & Petrochemical Complex, the company said in a statement on Friday. Slated for commissioning by December 2027, the facility will produce 10,000 tonnes of green hydrogen annually — replacing fossil-fuel-based hydrogen currently used in refinery operations and significantly reducing carbon emissions. "This initiative is aligned with Prime Minister Narendra Modi's National Green Hydrogen Mission and forms a critical part of IndianOil's broader decarbonisation strategy ," the state-run oil major said. The project marks IndianOil's formal entry into the green hydrogen sector and is set to be the largest such initiative in the country to date. It is expected to play a pivotal role in helping the company meet its Net Zero targets. Indian Oil Chairman Arvinder Singh Sahney, speaking earlier this year at the World Economic Forum in Davos, said, 'The green hydrogen plant is now alive. We have got very good bids for it. And now the tenders are under evaluation. Within a month or so, we will be able to award the job, and within two years, that 10,000 tons per annum plant at Panipat will be commissioned.' Live Events The plant aims to boost India's green energy push and reinforce IndianOil's position at the forefront of the country's energy transformation journey.
Time of India
2 days ago
- Business
- Time of India
IndianOil finalises India's largest Green Hydrogen project at Panipat
In a major step towards promoting clean energy in India, IndianOil has finalised the Levelized Cost of Hydrogen (LCOH) for setting up a 10,000 Tonnes Per Annum Green Hydrogen Generation Unit at its Panipat Refinery & Petrochemical Complex. This project marks IndianOil's entry into the green hydrogen sector and will be the largest green hydrogen initiative in India to date. The company in a statement on Friday, stated that "Slated for commissioning by December 2027, the Green Hydrogen produced will replace fossil-derived Hydrogen in refinery operations, resulting in substantial reduction in Carbon emissions". The plant is expected to be commissioned by December 2027. The green hydrogen produced at this facility will replace the fossil-fuel-based hydrogen currently used in the refinery's operations. This transition is expected to significantly cut down carbon emissions, helping IndianOil move towards a more sustainable and environment-friendly model. The company also added that this initiative is in line with Prime Minister Narendra Modi's vision under the National Green Hydrogen Mission and forms a critical part of IndianOil's larger decarbonization strategy. The project also supports the company's Net Zero target and demonstrates its commitment to leading India's shift towards a cleaner and greener energy future. Earlier, Arvinder Singh Sahney , Chairman of IOC, during an exclusive conversation with at the World Economic Forum 2025 in Davos, Switzerland, stated that the plant, with a production capacity of 10,000 tons per annum, had made substantial progress. "Green hydrogen plant is now alive. We have got very good bids for it. And now the tenders are under evaluation. And within a month or so, we will be able to award the job, and within two years, that green hydrogen, the 10,000 tons per annum plant at Panipat (Haryana) will be commissioned" he said. The plant aims to bolster India's green energy mission, contributing to a sustainable and carbon-neutral future. With this landmark project, IndianOil further strengthens its leadership in the country's energy transformation journey.
Time of India
2 days ago
- Business
- Time of India
IndianOil finalises India's largest Green Hydrogen project at Panipat
In a major step towards promoting clean energy in India, IndianOil has finalised the Levelized Cost of Hydrogen (LCOH) for setting up a 10,000 Tonnes Per Annum Green Hydrogen Generation Unit at its Panipat Refinery & Petrochemical Complex. This project marks IndianOil's entry into the green hydrogen sector and will be the largest green hydrogen initiative in India to date. The company in a statement on Friday, stated that "Slated for commissioning by December 2027, the Green Hydrogen produced will replace fossil-derived Hydrogen in refinery operations, resulting in substantial reduction in Carbon emissions". The plant is expected to be commissioned by December 2027. The green hydrogen produced at this facility will replace the fossil-fuel-based hydrogen currently used in the refinery's operations. This transition is expected to significantly cut down carbon emissions, helping IndianOil move towards a more sustainable and environment-friendly model. The company also added that this initiative is in line with Prime Minister Narendra Modi's vision under the National Green Hydrogen Mission and forms a critical part of IndianOil's larger decarbonization strategy. The project also supports the company's Net Zero target and demonstrates its commitment to leading India's shift towards a cleaner and greener energy future. Earlier, Arvinder Singh Sahney , Chairman of IOC, during an exclusive conversation with at the World Economic Forum 2025 in Davos, Switzerland, stated that the plant, with a production capacity of 10,000 tons per annum, had made substantial progress. "Green hydrogen plant is now alive. We have got very good bids for it. And now the tenders are under evaluation. And within a month or so, we will be able to award the job, and within two years, that green hydrogen, the 10,000 tons per annum plant at Panipat (Haryana) will be commissioned" he said. The plant aims to bolster India's green energy mission, contributing to a sustainable and carbon-neutral future. With this landmark project, IndianOil further strengthens its leadership in the country's energy transformation journey.
India Gazette
3 days ago
- Business
- India Gazette
IndianOil finalises India's largest Green Hydrogen project at Panipat
New Delhi [India], May 31 (ANI): In a major step towards promoting clean energy in India, IndianOil has finalised the Levelized Cost of Hydrogen (LCOH) for setting up a 10,000 Tonnes Per Annum Green Hydrogen Generation Unit at its Panipat Refinery & Petrochemical Complex. This project marks IndianOil's entry into the green hydrogen sector and will be the largest green hydrogen initiative in India to date. The company in a statement on Friday, stated that 'Slated for commissioning by December 2027, the Green Hydrogen produced will replace fossil-derived Hydrogen in refinery operations, resulting in substantial reduction in Carbon emissions'. The plant is expected to be commissioned by December 2027. The green hydrogen produced at this facility will replace the fossil-fuel-based hydrogen currently used in the refinery's operations. This transition is expected to significantly cut down carbon emissions, helping IndianOil move towards a more sustainable and environment-friendly model. The company also added that this initiative is in line with Prime Minister Narendra Modi's vision under the National Green Hydrogen Mission and forms a critical part of IndianOil's larger decarbonization strategy. The project also supports the company's Net Zero target and demonstrates its commitment to leading India's shift towards a cleaner and greener energy future. Earlier, Arvinder Singh Sahney, Chairman of IOC, during an exclusive conversation with ANI at the World Economic Forum 2025 in Davos, Switzerland, stated that the plant, with a production capacity of 10,000 tons per annum, had made substantial progress. 'Green hydrogen plant is now alive. We have got very good bids for it. And now the tenders are under evaluation. And within a month or so, we will be able to award the job, and within two years, that green hydrogen, the 10,000 tons per annum plant at Panipat (Haryana) will be commissioned' he said. The plant aims to bolster India's green energy mission, contributing to a sustainable and carbon-neutral future. With this landmark project, IndianOil further strengthens its leadership in the country's energy transformation journey. (ANI)
