Indian Oil Corporation (IndianOil) announced that it will build the first green hydrogen plant at Mathura refinery, according to a press release issued by the company.
IndianOil also stated that it has been working on various hydrogen projects.
Chairman of IndianOil, Shrikant Madhav Vaidya, said, “IndianOil has drawn a strategic growth path to focus on its core refining and fuel marketing businesses while making bigger inroads into petrochemicals, hydrogen, and electric mobility over the next ten years”.
Vaidya added that “IndianOil has a wind power project in Rajasthan. We intend to wheel that power to our Mathura refinery to produce absolutely green hydrogen through electrolysis. Mathura has been selected because of its proximity to TTZ (Taj Trapezium Zone). As we see it, the Green hydrogen will replace carbon-emitting fuels used in the refinery to process crude oil into value-added products such as petrol and diesel.”
“Moreover, we have got several expansions plans down the line which are already approved. We will not have a captive power plant and will utilise power from the grid, preferably green power. This will help decarbonise some part of the manufacturing”, Vaidya elaborated.