India’s Green Hydrogen Bet Gets a $5.6B Boost

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India is advancing efforts to boost renewable energy use even as the world’s third-largest crude oil importer is leading global oil demand growth.

Indian Oil Corporation, the country’s top refiner, plans to replace fossil fuel-made hydrogen with green hydrogen – made from electrolysis – at one of its refineries.

Indian Oil has recently finalized the cost for its green hydrogen plant in the Panipat Refinery & Petrochemical Complex, which will be India’s biggest renewable hydrogen production facility when it is commissioned, which is expected to take place in late 2027.

The state-owned refining giant has picked Larsen & Toubro to build and operate the plant with a capacity to produce 10,000 tons of hydrogen per year.

Larsen & Toubro (L&T) isn’t new to building hydrogen electrolyzers—the company commissioned in March its first India-made electrolyzer at the Green Hydrogen Plant at A M Naik Heavy Engineering Complex…

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