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.
The South Korean manufacturer had initially intended to begin mass production and sales of the new Nexo in the second half of 2019. However, it has now chosen to wait until 2024. In 2018, the Nexo was introduced.More
According to the Union Minister of State for Science and Technology at the event, intends to make the nation "atmanirbhar" (self-reliant) in clean energy while also achieving climate change targets and generating jobs in the industry.More
The Aayog also advised in a paper titled 'Harnessing Green Hydrogen - Opportunities for Deep Decarbonisation in India' that there is a need to promote investment in green hydrogen through demand aggregation and dollar-based bidding.More