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 ...