Indian Oil Corporation's Sustainable Energy Initiatives and Green Hydrogen Project in Panipat
Key Ideas
- Chairman of IOCL mentioned that crude oil prices will remain unaffected by US tariff threats due to alternative supply sources.
- IOCL is ramping up Sustainable Aviation Fuel (SAF) production, with plans to dominate the SAF fuel supply chain in India.
- The company is setting up India's largest green hydrogen plant in Panipat, aiming to shape the country's green hydrogen ecosystem and make hydrogen fuel commercially viable.
- IOCL is actively focusing on Compressed Bio Gas (CBG) and exploring acquisitions in the renewable energy sector to strengthen its sustainability portfolio.
The Chairman of Indian Oil Corporation Ltd (IOCL) discussed how US tariff threats would not impact crude oil prices significantly as there are alternative supply sources available. IOCL is emphasizing sustainable energy initiatives, notably by ramping up Sustainable Aviation Fuel (SAF) production to decarbonize the aviation sector. The company has already showcased its ability to manufacture SAF and plans to commence production in another refinery soon. Additionally, IOCL is venturing into green hydrogen production, with plans to establish India's largest green hydrogen plant in Panipat. This project aims to play a pivotal role in shaping the green hydrogen ecosystem in India and making hydrogen fuel commercially viable. Furthermore, the company is also focusing on Compressed Bio Gas (CBG) and exploring acquisitions in the renewable energy sector to enhance its sustainability portfolio. These initiatives reflect IOCL's commitment to sustainability, energy security, and resilience against global trade uncertainties.
Topics
India
Green Hydrogen
Renewable Energy
Energy Security
Trade
Decarbonization
Oil Industry
Sustainable Aviation Fuel
Indian Economy
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