Latest news with #OciorEnergy
Time of India
7 days ago
- Business
- Time of India
Abu Dhabi's Ocior Energy bags HPCL's 5,000-tonne green hydrogen deal
Abu Dhabi-based Ocior Energy has won the bid to supply 5,000 tonne of green hydrogen per year to Hindustan Petroleum Corporation Limited 's Visakhapatnam refinery in Andhra Pradesh, according to people familiar with the development. The green hydrogen project is to be set up on a build, own, operate basis for 25 years. Ocior Energy will manufacture green hydrogen at ₹328 a kg, excluding goods and services tax (GST). It is the second refinery after Indian Oil Corporation Limited (IOCL) to conclude the tender. In May, L&T Energy Green Tech Ltd won the bid to build a 10,000 tonne per annum green hydrogen plant at IOCL's Panipat refinery in Haryana. L&T Energy Green Tech will supply green hydrogen to IOCL at ₹397 ($4.67) per kg with 18 per cent GST. HPCL 's winning bid is at a discount to the IOCL price of ₹336 a kg. HPCL and Ocior Energy did not reply to ET's emailed queries till press time. Ocior Energy produces and supplies green hydrogen and green ammonia by building, owning and operating green hydrogen and green ammonia facilities, including the renewable energy facilities needed to generate green fuels. It has executed projects in Asia, West Asia and the North African region. Currently it is executing green hydrogen and green ammonia plants in Gujarat and Odisha. For HPCL's GH2 project at Visakh refinery, more than eight companies had submitted bids. Jakson Green, which quoted a price of ₹345 per kg without GST, and L&T, which quoted a price of ₹393 a kg without GST, were the second lowest and third lowest bidders, respectively. ReNew and NTPC quoted a price of ₹469 a kg and ₹505 a kg, respectively. HPCL had invited bids in October 2024. The winning bidder has to construct the green hydrogen generation unit with electrolysers, power systems and purification units. Bids were evaluated based on the lowest quoted rate for green hydrogen supply . The winning bidder would also be required to conduct surveys to connect pipelines from the green hydrogen generation unit to the delivery point at HPCL's refinery. This includes acquiring rights of way and ensuring compatibility with HPCL's hydrogen distribution network . Bidders can, however, establish their own renewable energy projects to procure power through power purchase agreements to meet their energy needs. HPCL operates a 15 million tonnes per annum refinery at Visakhapatnam. Various units in the refinery consume grey hydrogen. The company intends to partly replace grey hydrogen with green hydrogen.
Time of India
15-07-2025
- Business
- Time of India
Abu Dhabi company Ocior Energy wins bid to supply green hydrogen to HPCL at Visakh Refinery
Mumbai: Abu Dhabi-based Ocior Energy has won the bid to supply 5,000 tonne of green hydrogen per year to Hindustan Petroleum Corporation Limited 's Visakhapatnam refinery in Andhra Pradesh, according to people familiar with the development. The green hydrogen project is to be set up on a build, own, operate basis for 25 years. Ocior Energy will manufacture green hydrogen at ₹328 a kg, excluding goods and services tax (GST). It is the second refinery after Indian Oil Corporation Limited (IOCL) to conclude the tender. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like [식약처인증] 성장기 아이 '이것' 먹고 3개월만에 12cm나 컸습니다! 할인이벤트 문의폭주 중! 키큰아이들의비법 더 알아보기 Undo In May, L&T Energy Green Tech Ltd won the bid to build a 10,000 tonne per annum green hydrogen plant at IOCL's Panipat refinery in Haryana. L&T Energy Green Tech will supply green hydrogen to IOCL at ₹397 ($4.67) per kg with 18% GST. Live Events HPCL 's winning bid is at a discount to the IOCL price of ₹336 a kg. HPCL and Ocior Energy did not reply to ET's emailed queries till press time. Ocior Energy produces and supplies green hydrogen and green ammonia by building, owning and operating green hydrogen and green ammonia facilities, including the renewable energy facilities needed to generate green fuels. It has executed projects in Asia, West Asia and the North African region. Currently it is executing green hydrogen and green ammonia plants in Gujarat and Odisha. For HPCL's GH2 project at Visakh refinery, more than eight companies had submitted bids. Jakson Green, which quoted a price of ₹345 per kg without GST, and L&T, which quoted a price of ₹393 a kg without GST, were the second lowest and third lowest bidders, respectively. ReNew and NTPC quoted a price of ₹469 a kg and ₹505 a kg, respectively. HPCL had invited bids in October 2024. The winning bidder has to construct the green hydrogen generation unit with electrolysers, power systems and purification units. Bids were evaluated based on the lowest quoted rate for green hydrogen supply . The winning bidder would also be required to conduct surveys to connect pipelines from the green hydrogen generation unit to the delivery point at HPCL's refinery. This includes acquiring rights of way and ensuring compatibility with HPCL's hydrogen distribution network . Bidders can, however, establish their own renewable energy projects to procure power through power purchase agreements to meet their energy needs. HPCL operates a 15 million tonnes per annum refinery at Visakhapatnam. Various units in the refinery consume grey hydrogen. The company intends to partly replace grey hydrogen with green hydrogen.
Jordan News
29-05-2025
- Business
- Jordan News
Jordan Approves Land Agreement with Indian Company for Green Hydrogen Feasibility Studies - Jordan News
In a session held Sunday morning and chaired by Prime Minister Dr. Jaafar Hassan, the Jordanian Council of Ministers approved a land use agreement with Indian company Ocior Energy. The agreement paves the way for feasibility studies on a proposed green hydrogen production project in the Kingdom. اضافة اعلان The government has made it a strategic priority to develop a green ammonia and green hydrogen industry, signing numerous Memorandums of Understanding with international partners to explore investment in this vital and emerging energy sector. The aim is to position Jordan as a regional hub for the production and export of green hydrogen. Green hydrogen is a clean, renewable energy source produced using electrolysis powered by renewable electricity, and has multiple applications — from electricity generation and industrial use to heating. The initiative aligns with Jordan's Economic Modernization Vision (2020–2030), which emphasizes sustainable resource development and prioritizes investment in green hydrogen projects as part of its strategic goals.
Jordan News
28-05-2025
- Business
- Jordan News
Cabinet Approves Copper Mining Agreement and Economic Relief Measures - Jordan News
The Cabinet on Sunday approved a 30-year copper mining agreement and expanded customs penalty relief as part of broader measures to support economic activity and resolve outstanding business issues. اضافة اعلان The Cabinet approved an executive agreement with Wadi Araba Mining Company for copper extraction covering 25 square kilometers. Under the deal, the company will be registered as a public shareholding company with shares offered for public subscription. The agreement requires all raw materials to be processed locally before export, with treasury revenues varying based on global commodity prices. The government noted that copper is considered a strategic mineral requiring special legislation for exploitation. In a related economic measure, the Cabinet extended customs penalty exemptions to cases discovered before January 1, 2025, expanding from the previous 2022 cutoff. Eligible businesses can receive up to 90% relief from accumulated penalties. The decision is intended to help resolve outstanding customs cases, facilitate revenue collection, and assist businesses in regularizing their status. The government also approved a land use agreement with Indian company Ocior Energy for green hydrogen feasibility studies. Jordan has been positioning itself as a regional hub for green hydrogen and ammonia production through multiple agreements with international partners. Green hydrogen is seen as an environmentally friendly renewable energy source with applications in electricity generation, industry, and heating. Addressing urban development concerns in Irbid Governorate, the Cabinet gave quarry operators in the Samad Quarries area a five-year transition period to close operations. The decision responds to urban expansion toward the quarry area and the impact of explosives on nearby residential buildings. Current operators will receive proper permits but cannot expand beyond existing coordinates, and no new licenses will be issued in the area. The Cabinet also approved a new professional qualification and accreditation system for engineers designed to enhance their competitiveness in local, regional, and global markets. The system aligns with Arab Engineers Union standards and will establish a professional registry documenting qualifications, experience, and professional ranks. Other decisions included updated regulations for private medical laboratory licensing, replacing rules in place since 2003, and additional funding of approximately 7 million dinars for the Ministry of Education's 2026 budget to support education reform programs focusing on improving school environments and expanding kindergarten enrollment. As part of ongoing efforts to ease business burdens, the Cabinet approved settlement recommendations for 419 tax cases involving companies and individuals with outstanding obligations under income and sales tax laws.
