New Delhi: In a major milestone for India’s clean energy sector, Indian Oil Corporation Limited (IndianOil – IOCL) has finalized the Levelized Cost of Hydrogen (LCOH) for its ambitious 10,000 tonnes per annum (TPA) Green Hydrogen Generation Unit at the Panipat Refinery & Petrochemical Complex in Haryana. This initiative represents the largest green hydrogen project in India to date, and marks IndianOil’s formal entry into the green hydrogen economy.
Major Leap Toward Decarbonization
Slated for commissioning by December 2027, the green hydrogen plant will replace fossil-fuel-derived hydrogen currently used in the refinery’s operations. This shift is expected to lead to a substantial reduction in carbon emissions, in line with IndianOil’s broader Net Zero roadmap and the Government of India’s decarbonization goals.
In a company statement released Friday, IndianOil said, “The Green Hydrogen produced will replace fossil-derived Hydrogen in refinery operations, resulting in substantial reduction in carbon emissions.”
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Aligned with National Green Hydrogen Mission
This initiative is a direct response to Prime Minister Narendra Modi’s vision under the National Green Hydrogen Mission, launched to position India as a global hub for green hydrogen production and export. IndianOil’s move aligns with national goals of achieving energy independence and carbon neutrality.
IOC Chairman Highlights Project Progress at World Economic Forum
At the World Economic Forum 2025 in Davos, IOCL Chairman Arvinder Singh Sahney provided critical updates on the project’s status.
“The green hydrogen plant is now alive. We have received very good bids. The tenders are currently under evaluation and we expect to award the contract within a month. Within two years, the 10,000 TPA green hydrogen plant at Panipat will be commissioned,” Sahney stated during an exclusive conversation.
This public commitment reaffirms IndianOil’s leadership role in the energy transition journey and its ability to execute projects of national and global significance.
Driving India’s Green Energy Transformation
With the finalization of LCOH and tender evaluations underway, IndianOil is positioning itself as a front-runner in green hydrogen innovation, reinforcing its long-standing reputation as India’s energy backbone.
- The project is part of IndianOil’s broader decarbonization strategy that includes:
- Transitioning refinery operations to renewable energy sources
- Reducing the carbon intensity of fuel production
- Supporting India’s Nationally Determined Contributions (NDCs) under the Paris Agreement
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A Defining Moment for India’s Hydrogen Economy
As India charts a path toward becoming a green hydrogen powerhouse, IndianOil’s Panipat project stands as a symbol of national commitment and technological prowess. It is expected to catalyze more large-scale green hydrogen investments and partnerships across sectors such as mobility, refining, chemicals, and power.
About IOCL
Indian Oil Corporation Limited (IOCL), trading as IndianOil, is a government-owned, integrated oil and gas company in India, a “Maharatna” company. Established in 1959, it’s the largest oil producer in the country and plays a crucial role in fulfilling India’s energy needs. IOCL’s activities range from refining and marketing petroleum products to exploring and producing crude oil and gas.
