IoCL gets five bids for setting up green hydrogen plant at Panipat: Chairman
Indian oil Corporation (IoCL) has received five bids to set up a 10,000-tonne-per-annum green hydrogen plant at its Panipat refinery, which will be India’s largest plant producing the commodity termed as the climate friendly fuel alternative for hard-to-abate sectors such as refineries, steel plans and heavy-duty logistics.
This is the third tender by the state-run oil marketing company (OMC) for setting up the plant. The earlier two tenders were cancelled.
“IoCL will have India’s largest green hydrogen manufacturing plant in the next 2 years. We have called for tenders and have got more than five bids. This will be 10 KTPA plant. We have good response and now we are evaluating the bids. Within one month we will be awarding the contracts,” IoCL Chairman said.
IndianOil is India’s largest hydrogen consumer and it has the capacity to consume the green hydrogen produced by the plant, which is an advantage only with the OMC, he added.
The plant will be set up on a build own and operate (BOO) basis.
Refineries consume hydrogen to remove impurities and increase yield of refined products. Currently, refineries consume grey hydrogen.
“If green hydrogen based mobility is developed then the product will go there or else we can consume it in refineries. Out of the country’s 5 mt hydrogen consumption, we alone consume more than 1 mt. We want to develop the entire ecosystem. This can then be then expanded,” Sahney opined.
Two tenders
The previous two tenders by the oil marketing company (OMC) for setting up the green hydrogen manufacturing plant at Panipat (Haryana) had to be cancelled on account of lack of interest from the industry.
IoCL faced criticism from the participating companies after it floated the first tender for manufacturing green hydrogen. The tender was also challenged in the Delhi High Court. It was later cancelled. The second tender received interest from only two entities and was also cancelled due to lack of interest.
The third tender, which was floated in September 2024, had sought bids by November 2024, but was extended to January 2025 on request by the participating entities.
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