State -controlled refineries are planning green hydrogen projects worth £ 2 trillion | Today news

New Delhi: The Minister of Petroleum and Natural Gas, Hardep Singh Puri, said Friday that oil refineries run by the state swung tenders for 42 kilotons a year green hydrogen capacity, and tenders for another 128 kilotons will be issued. The minister is taking to the social media platform X after a consultation in stakeholders and said these initiatives will be implemented at an estimated cost of £ 2 trillion. He also said nine research and development (R&D) or demo plants were under construction and four were commissioned by Indian Oil Corp. Ltd. (IOCL), Gail India Ltd, Hindustan Petroleum Corp. Ltd. (HPCL) and Bharat Petroleum Corp. Ltd. (BPCL). “42 ktpa tenders have been flowed by the refineries, while 128 will be issued more by PSU Refineries based on the outcome of the tenders. These initiatives will be implemented against an estimated £ 2,00,000 crores,” he wrote. Puri added that alternative energy sources play an important role in India’s search for green energy transition. “In an engaging interaction with a large number of stakeholders of the green hydrogen sector, we discussed the efforts undertaken in all four vertical of the rapidly emerging sector – production, transport, storage and application,” he said. Green hydrogen, produced with renewable energy, can directly replace the fossil fuel-derived feed in petroleum refining, fertilizer production and steel manufacturing. Petroleum refinement is a focus area for the government for accepting green hydrogen to replace gray hydrogen. About 5 million tonnes (MMT) gray hydrogen is consumed annually in India, with about 99% of it used in petroleum refining and for the production of ammonia for fertilizers. On May 30, the state-owned IOCL completed the equivalent cost of hydrogen for the erection of a 10,000 tons per year green hydrogen-generation unit in the Panipat refinery and petrochemical complex. In a statement, the company said it was Indian Oil’s entry into the green hydrogen space so far with India’s largest green hydrogen project. The green hydrogen produced will replace the fossil-derived hydrogen in the refinery operations, which will reduce carbon emissions in the commissioning of the carbon emissions. In April, BPCL put into use a 5 MW of green hydrogen plant in the Bina refinery in Madhya Pradesh. The facility is expected to produce more than 780 tonnes of hydrogen per year.