Indian Oil Corp Receives Bids for Green Hydrogen Plant
OIL & GAS

Indian Oil Corp Receives Bids for Green Hydrogen Plant

Indian Oil Corporation (IOC) has received two bids for establishing a green hydrogen plant, marking a significant step in India's renewable energy landscape amidst heightened scrutiny and industry anticipation. The bids reflect growing interest and investment in green hydrogen technologies aimed at advancing sustainable energy solutions.

Green hydrogen, produced using renewable energy sources through electrolysis, is gaining traction globally as a clean alternative to traditional hydrogen production methods. IOC's initiative underscores its commitment to exploring innovative technologies to reduce carbon emissions and foster energy transition.

The bids received by IOC indicate strong industry support and confidence in India's potential as a hub for green hydrogen production. The establishment of a green hydrogen plant aligns with India's ambitious renewable energy goals and commitment to achieving net-zero carbon emissions.

However, the initiative faces scrutiny and concerns within the industry regarding technological feasibility, cost-effectiveness, and scalability of green hydrogen production. Stakeholders emphasise the need for supportive policies, infrastructure development, and research investments to realise the full potential of green hydrogen in India.

IOC's evaluation of bids for the green hydrogen plant represents a crucial development in India's renewable energy sector, with implications for future energy policies, investment decisions, and technological advancements. The outcome of this initiative will likely shape the trajectory of green hydrogen adoption and contribute to India's sustainable development goals in the coming years.

Indian Oil Corporation (IOC) has received two bids for establishing a green hydrogen plant, marking a significant step in India's renewable energy landscape amidst heightened scrutiny and industry anticipation. The bids reflect growing interest and investment in green hydrogen technologies aimed at advancing sustainable energy solutions. Green hydrogen, produced using renewable energy sources through electrolysis, is gaining traction globally as a clean alternative to traditional hydrogen production methods. IOC's initiative underscores its commitment to exploring innovative technologies to reduce carbon emissions and foster energy transition. The bids received by IOC indicate strong industry support and confidence in India's potential as a hub for green hydrogen production. The establishment of a green hydrogen plant aligns with India's ambitious renewable energy goals and commitment to achieving net-zero carbon emissions. However, the initiative faces scrutiny and concerns within the industry regarding technological feasibility, cost-effectiveness, and scalability of green hydrogen production. Stakeholders emphasise the need for supportive policies, infrastructure development, and research investments to realise the full potential of green hydrogen in India. IOC's evaluation of bids for the green hydrogen plant represents a crucial development in India's renewable energy sector, with implications for future energy policies, investment decisions, and technological advancements. The outcome of this initiative will likely shape the trajectory of green hydrogen adoption and contribute to India's sustainable development goals in the coming years.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?