IOCL plans to produce 70K tons of green hydrogen by 2030

India's biggest oil refiner, the state-owned Indian Oil Corporation, has said that it plans to produce 70,000 tons of green hydrogen a year, by 2030.

IOCL's Director-R&D, Dr SSV Ramakumar, has been quoted in newspapers as saying that the 70,000 tons would account for 10 per cent of G-H2 consumption by that year.

He has said that IOCL wishes to set up a 40MW electrolyzer at Mathura refinery and another 15MW one at Panipat. 

Ramakumar has said that the new policy, announced on Feb 17 making it easier for G-H2 producers to get renewable energy, would cut the cost of manufacturing G-H2 by 40-50 per cent.