Page 6 - AsianOil Week 29 2021
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AsianOil SOUTH ASIA AsianOil
IOC looks to build India’s first
green hydrogen project
PROJECTS & STATE-RUN Indian Oil Corp. (IOC) intends to
COMPANIES build the country’s first green hydrogen plant at
its 8mn tonne per year (160,000 barrel per day)
Mathura refinery in Uttar Pradesh, chairman
Shrikant Madhav Vaidya said this week.
The company intends to power a hydro-
gen electrolyser with electricity generated
from its wind farm in Rajasthan State,
Vaidya told local newswire PTI on July 20.
He added that the hydrogen would displace
some of the fossil fuels consumed by the
refinery’s operations.
Vaidya noted that the company had picked
Mathura refinery because of its proximity to
the Taj Trapezium Zone (TTZ), which is a
10,400-square km area around the Taj Mahal
that is designated as a low pollution zone.
The executive dubbed hydrogen a “fuel of
the future” and said his company intended to set
up several hydrogen production pilot projects.
These will include a project at Gujarat refinery
that will produce 99.9999% pure hydrogen for “We are going to add 25mn tonnes [500,000
fuel cell buses. bpd] of our refining capacity by the year 2023-
“Today, 50 buses in Delhi are being fuelled 24. We are 80.5mn tonnes [1.61mn bpd] now
by hydrogen-spiked compressed natural gas including [Chennai Petroleum Corporation Ltd]
[H-CNG], which has 18% hydrogen content,” CPCL, we are going to be 105mn tonnes [2.1mn
he said. “About 15 fuel-cell-powered buses, with bpd],” Vaidya said.
the fuel cells entirely India-made, are expected IOC wants to power this new capacity with
to [be deployed] in the second half of 2021. Since supplies from the grid and from onsite thermal
running these buses would require hydrogen, power plants (TPPs), as has traditionally been
IOC is setting up a plant, whose capacity could the case.
be anywhere between 200 tonnes and 400 tonnes “We have got a number of expansions down
per day.” the line which are already approved. We will not
In addition to using renewable power in the have a captive power plant and will utilise power
production of hydrogen, IOC is also looking at from the grid, preferably green power. This will
ways to reduce the carbon footprint of new refin- help decarbonise some part of the manufactur-
ery capacity currently under development. ing,” the chairman said.
Pakistan consortium approves
guarantees for UAE NewCo
POLICY A group of Pakistan-based oil and gas companies approved the guarantees in favour of ADNOC
have approved the issuance of corporate guar- and the Supreme Council for the Financial and
antees for a consortium which is bidding for an Economic Affairs (SCFEA), which will assume
exploration block included in the second Abu the regulatory powers of the Supreme Petroleum
Dhabi National Oil Co. (ADNOC) competitive Council (SPC).
bid round in 2019. In a stock exchange filing last month, Mari
According to local media, Pakistan Petroleum Petroleum said the three firms would incor-
Ltd (PPL), Oil and Gas Development Company porate a company or special purpose vehicle
Ltd (OGDL) and Mari Petroleum Company Ltd (NewCo) alongside Government Holding Pvt
P6 www. NEWSBASE .com Week 29 22•July•2021
