New Delhi: The largest oil company in India IOC will build the first ‘hydrogen green’ plant at Mathura refinery, because it aims to prepare to serve the future of the increase in oil demand and energy cleaning.
Indian Oil Corporation (IOC) has attracted strategic growth paths that aim to maintain focus on business marketing and fuel marketing bases while making a greater breakthrough into petrochemical, hydrogen and electrical mobility for the next 10 years, said Chairman Madhav Vaidya.
The company will not set a prisoner power plant on all future petrochemical expansion and expansion projects and instead using 250 MW electricity generated from renewable sources such as solar power, he told PTI in an interview.
“We have a wind power project in Rajasthan.
We intend to guide the power to our mathematical refinery and use electricity to produce truly green hydrogen through electrolysis,” he said.
This will be the nation’s first green hydrogen unit.
Previously, the project was announced to produce ‘hydrogen gray’ using fossil fuels such as natural gas.
Hydrogen is the latest buzz to meet the world’s energy needs.
Hydrogen, in itself is a clean fuel but produces intensive energy and has a carbon by-product.
Chocolate hydrogen is made through coal gasification while the process produces gray hydrogen flowing from carbon waste.
Blue hydrogen uses carbon catches and storage for greenhouse gases produced in the creation of gray hydrogen.
Hydrogen Hydrogen Production – Ultimate Clean Hydrogen Resources – Use renewable energy to make hydrogen fuel.
“Mathura has been chosen based on the proximity to the TTZ (Taj Trapezium zone),” said Vaidya added that green hydrogen will replace the fuel transmitter fuel used in refineries to process crude oil into value-added products such as gasoline and diesel.
He said all expansion projects would use grid electricity, preferably green force to meet energy needs.
“We have obtained a number of expansion in an approved line.
We will not have a prisoner power plant and will use the power of the grid, preferably green power.
This will help a few parts of manufacturing,” he said.
The IOC refinery expansion plan includes increasing the capacity of the unit in Panipat in Haryana and Baruni in Bihar and establishing a new unit near Chennai.
“We will add 25 million tons of our purification capacity in 2023-24.
We are 80.5 million tons now including CPCL, we will be 105 million tons,” he said.
Vaidya said the IOC pushed forward with research on carbon capture, utilization and storage technology – space where he was looking for global collaboration to fulfill his Paris climate objectives.
Hydrogen, he said, will be the future fuel.
IOC plans to organize several hydrogen production units based on pilots.
This includes the project in Gujarat’s reformation to produce hydrogen purity limited 99.9999 percent for hydrogen fuel cell buses.
“Today, 50 buses in Delhi are being triggered by natural compressed natural gas hydrogen, or H-CNG, which has 18 percent of hydrogen levels,” he added to the hydrogen fuel bus to be included in the Iconic Vadodara-Sabarmati route and Vadodara-Statue of Vadodara-Statue of Unity, Kevedia.
“About 15 fuel-powered buses, with fuel cells are fully made in India, it is expected to be layer in the second half of 2021.
Since running this bus will need hydrogen, IOC is preparing plants, whose capacity can be anywhere between 200 tons and 400 Tons per day, “he added.
Purification and Marketing Petroleum will continue to be the IOC core business with much higher petrochemical integration.
Also, the gas will play a greater role and the company will have a presence in the electrical mobility room through the charging station at the gas station and the planned battery manufacturing unit.
Forecasts by various institutions saw the demand for Indian fuel rose to 400-450 million tons in 2040 by opposing 250 million tons now.
This provides enough leg space for all forms of energy to coexist, he added to the growth of demand making it important to pursue refining expansion and expand the footprint to compressed natural gas, LNG, biodiesel and ethanol.
Vaidya says IOC has assigned a battery exchange station in many cities.
The company has installed 286 charging stations, including exchanging stations, throughout the country, which will be raised to 3,000 EV charging stations in the next few years.