New Delhi, May 31 -- 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...