Indian Oil Corporation Limited (IOCL) has announced of late, that it would set up India's first 'Green Hydrogen' plant at its Uttar Pradesh's Mathura refinery, with the view to strengthening its bouquet of clean energy offerings.
"To strengthen its bouquet of clean energy offerings, IndianOil (Indian Oil Corporation Limited) will build the nation's first 'Green Hydrogen' plant at its Mathura refinery," IOCL said in a statement.
Hydrogen, the cleanest form of energy, is the latest focus area across the globe to fulfil the rising energy needs. Green hydrogen is derived from water electrolysis using renewable energy like solar or wind. Biomass-based hydrogen production technologies also come under the green category. On the other hand, Brown and grey hydrogen are produced through coal gasification and natural gas reforming, respectively.
These production pathways generate a significant amount of carbon dioxide. Integration with appropriate carbon capture and utilisation technologies results in Blue hydrogen. While Indian Oil has been working on various hydrogen production pathways, the current project at Mathura Refinery will be pioneering the introduction of green hydrogen in the Indian oil and gas sector. Speaking on this ambitious project, Chairman 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."
Sharing his insights on IndianOil's increasing outreach to the green energy landscape, Vaidya added, "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".
Vaidya also elaborated on the project's rationale and said, "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 expansion 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".
Underlining IndianOil's ambitious plans to consolidate the core businesses, Vaidya remarked, "Petroleum refining and marketing with much higher petrochemicals integration will continue to be IndianOil's key focus area. We are going to add 25 million tonnes of refining capacity by the year 2023-24."
He also said, "Forecasts by various agencies sees Indian fuel demand climbing to 400-450 million tonnes by 2040 as against 250 million tonnes now. This demand surge offers enough legroom for all forms of energy to co-exist. And, while exploring the multiple energy avenues, environmental conscience will be a critical priority for IndianOil. We are pushing ahead with research on carbon capture, utilisation and storage technologies".