Indian Oil Corporation Limited (IndianOil) has finalised the Levelized Cost of Hydrogen (LCoH) for establishing a 10,000 tonnes per annum (TPA) Green Hydrogen Generation Unit at its Panipat Refinery & Petrochemical Complex. This move marks IndianOil’s foray into green hydrogen production, positioning it as a key player in India’s transition to cleaner energy sources.
In the exchange filing, the company shared, “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 marks IndianOil’s entry into the green hydrogen space with India’s largest-ever green hydrogen project to date.”
Scheduled for commissioning by December 2027, the unit will produce green hydrogen—generated using renewable energy—which will be used to replace fossil-based hydrogen currently utilized in refinery operations. This substitution is expected to significantly reduce carbon emissions at the facility.
The project is aligned with the Government of India’s National Green Hydrogen Mission and forms part of IndianOil’s broader decarbonization strategy. By focusing on green hydrogen, the company aims to support national climate goals and move towards its net-zero emissions target.
