India's largest oil firm IOC will build the nation's first 'green hydrogen' plant at its Mathura refinery, as it aims to prepare for a future catering to the growing demand for both oil and cleaner forms of energy. Indian Oil Corporation (IOC) has drawn a strategic growth path that aims to maintain focus on its core refining and fuel marketing businesses while making bigger inroads into petrochemicals, hydrogen and electric mobility over the next 10 years.

What

  1. The company will not set captive power plants at all its future refinery and petrochemical expansion projects and instead use the 250 MW of electricity it produces from renewable sources like solar power.
  2. This will be the nation's first green hydrogen unit. Previously, projects have been announced to produce 'grey hydrogen' using fossil fuels such as natural gas.
  3. Hydrogen is the latest buzz for meeting the world's energy needs. Hydrogen, in itself, is a clean fuel but manufacturing it is energy-intensive and has carbon byproducts.
  4. Brown hydrogen is created through coal gasification while the process of producing grey hydrogen throws off carbon waste.
  5. Blue hydrogen uses carbon capture and storage for the greenhouse gases produced in the creation of grey hydrogen.
  6. Green hydrogen production - the ultimate clean hydrogen resource - uses renewable energy to create hydrogen fuel.
  7. IOC's refinery expansion plans include raising the capacity of units at Panipat in Haryana and Barauni in Bihar and setting up a new unit near Chennai.