Latest news with #CostofHydrogen
Time of India
4 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.' 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
4 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
4 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
4 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.
Zawya
03-04-2025
- Business
- Zawya
OQGN firms up planning for Oman's H2 pipeline network
MUSCAT: OQ Gas Networks (OQGN), Oman's National Infrastructure Provider for hydrogen pipelines, has committed to leveraging its expertise as the country's sole gas transportation operator to drive down the Levelized Cost of Hydrogen (LCOH) production—an essential factor in advancing Oman's green hydrogen economy. Majority state-owned OQGN – part of OQ Group – also announced that it is collaborating with various government and public sector stakeholders in the development of hydrogen pipeline infrastructure that will support the growth of the green hydrogen industry in Oman. The revelations came during a discussion session hosted recently by publicly-listed OQGN with a focus on its financial and operational performance during 2024. 'OQGN has been one of the leading companies working with the government and other main stakeholders to grow and enable the energy transition, and specifically to enable the green hydrogen economy in Oman,' an official said. 'Oman has strong ambitions to be an exporter of green energy, whether as green hydrogen or its derivatives. We have positioned ourselves to enable this to happen, and to be the infrastructure provider for transportation of hydrogen.' In its capacity as National Infrastructure Provider for hydrogen pipelines, OQGN has been liaising with Hydrom – the orchestrator of Oman's green hydrogen industry – on the master-planning of the pipeline network. 'OQGN is actively involved in Hydrom's feasibility study, aligning on technical, commercial, financial and legal considerations,' the company noted in a presentation. 'We are one of the first companies to sign an MoU with (Hydrom) and we've been working very diligently with them in support of the (national) goal to produce and export about 1 million tonnes per annum of green hydrogen by 2030, rising to 8 million tonnes by 2050 – quantities that mean potential pipeline volumes for us at OQGN,' an official explained. 'In addition, we have conducted a techno-commercial strategic study to look at how we can position ourselves, the business models we can employ here, the potential impacts on us, and obviously what are the revenues we can see from this very attractive business opportunity.' Furthermore, OQGN is working with Hydrom to finalize its pre-FEED study for a Common Use Infrastructure (CUI) system, which will support green hydrogen projects across allocated and future government-awarded land blocks. OQGN's role is to develop and operate pipeline networks that will transport green hydrogen from these land blocks to a dedicated zone planned near the Port of Duqm for the further processing of these green molecules into derivatives like green ammonia and green methanol, among other commodities for export. Part of these green molecules will be used as fuel to power a number of hard-to-abate industries like steel and aluminium. 'OQGN is planning to develop an optimal hydrogen pipeline network to cater to announced and future blocks, taking advantage of economies of scale, and Right of Way (ROW) efficiencies to lower transportation costs,' the company added. OQGN currently owns and operates Oman's 4,235km-long gas transportation network, delivering natural gas as fuel and feedstock to 130 major customers, including Power & Desalination plants, Refineries and Petrochemicals projects, Fertilizers and Chemicals manufacturers, Steel and Cement plants, and assorted industrial parks – distributed across the country. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
