IOC is planning to produce green hydrogen.

As part of a decarbonization effort, the Indian Oil Corporation (IOC) aims to replace at least a tenth of the existing fossil fuel-based hydrogen at its refineries with carbon-free green hydrogen. IOC stated in its most recent annual report that the nation's largest oil company is first installing green hydrogen reactors at its Panipat and Mathura refineries.

The firm plans to manufacture green hydrogen and aims to produce 5% of its hydrogen as green hydrogen by 2027–2028 and 10% by 2029–2030.

Despite being the purest energy source currently known, pure hydrogen is seldom ever found on Earth. It either forms hydrocarbons like fossil fuels when bonded with carbon or with oxygen in the water.

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