India’s largest oil company IOC (Indian Oil Corp) will set up the country’s first green hydrogen plant project at its Mathura refinery to meet the growing demand for clean energy in the future.
India’s largest oil company IOC will set up the country’s first green hydrogen plant at its Mathura refinery to meet the growing demand for clean energy in the future. Indian Oil Corporation (IOC) President Shrikant Madhav Vaidya said the company has drawn up a strategic growth plan aimed at foraying into petrochemicals, hydrogen and electric mobility over the next 10 years as well as focusing on its core refining and fuel marketing businesses. Have to focus.
He told in an interview that the company will not set up captive power plants in all its future refinery and petrochemical expansion projects and will instead use 250 MW of electricity generated from renewable sources such as solar power.
A wind power project in Rajasthan
He said that we have a wind power project in Rajasthan. We intend to channel that electricity to our Mathura Refinery and use that electricity to produce Green Hydrogen through electrolysis.
Country’s first green hydrogen unit
This will be the country’s first green hydrogen unit. The projects announced earlier pertain to gray hydrogen, where fossil fuels such as natural gas are being used for production.
Green hydrogen will be used more and more
Vaidya said that Mathura has been chosen on the basis of its proximity to TTZ (Taj Trapezium Zone) and in future the refinery will see more and more use of green hydrogen instead of carbon emitting fuel. He said that we are going to increase our refinery capacity by 25 million tonnes by 2023-24. Our capacity now including CPCL is 805 million tonnes, we are going to be 105 million tonnes.
Hydrogen will be the fuel of the future
Vaidya said IOC is increasing research on carbon capture, utilization and storage technologies. He said that hydrogen will be the fuel of the future and therefore IOC is planning to set up several hydrogen production units on a pilot basis.