IOCL to sell hydrogen units for revenue
ECONOMY & POLICY

IOCL to sell hydrogen units for revenue

Indian Oil Corporation Ltd (IOCL) is planning to sell hydrogen generation units at its refineries to private operators as part of the government's asset monetisation scheme to generate revenue from selling to private investors unutilised or part utilised assets.

The company told the media that IOCL would be the captive buyer of the hydrogen made by the sold unit. The company's generation unit in Gujarat, which has a 70,000 tonne production capacity, would likely be the first to be put on sale.

The new round of sales aims to raise funds and improve the efficiency of these units by handing over operations to a private company with expertise in the area, IOCL said.

IOCL has said that asset value and operations and maintenance (O&M) charges quoted by bidders will be among the factors used to determine the auctions' winner for the units.

The asset monetisation of oil and gas pipelines is expected to take over a year to materialise, according to IOCL.

Indian refiners may also pilot projects with hydrogen produced from carbon capture, utilisation, and storage technologies, also known as blue hydrogen.

To further give an impetus to plans on hydrogen-based mobility solutions, IOCL has invited bids to procure 15 proton electrolyte membrane (PEM) fuel cell buses, an effort to address all aspects of the hydrogen value chain.

The idea was to reduce tail-pipe emissions of the buses, but it also resulted in higher fuel efficiency.

India has unveiled a national hydrogen mission (NHM) to accelerate plans to generate carbon-free fuel from renewables.

Hydrogen is produced predominantly through Steam Methane Reforming (SMR), which utilises fossil fuels such as natural gas or coal, and through proton exchange membrane electrolysis (PEME), which splits water into hydrogen and oxygen using a current of electricity.

Currently, all of the hydrogen consumed in India comes from fossil fuels. However, by 2050, it is projected that nearly 80% of India's hydrogen will be green, produced by renewable electricity and electrolysis.

Image Source


Also read: Understanding the asset monetisation push

Also read: Green hydrogen facility to come up in Tamil Nadu

Indian Oil Corporation Ltd (IOCL) is planning to sell hydrogen generation units at its refineries to private operators as part of the government's asset monetisation scheme to generate revenue from selling to private investors unutilised or part utilised assets. The company told the media that IOCL would be the captive buyer of the hydrogen made by the sold unit. The company's generation unit in Gujarat, which has a 70,000 tonne production capacity, would likely be the first to be put on sale. The new round of sales aims to raise funds and improve the efficiency of these units by handing over operations to a private company with expertise in the area, IOCL said. IOCL has said that asset value and operations and maintenance (O&M) charges quoted by bidders will be among the factors used to determine the auctions' winner for the units. The asset monetisation of oil and gas pipelines is expected to take over a year to materialise, according to IOCL. Indian refiners may also pilot projects with hydrogen produced from carbon capture, utilisation, and storage technologies, also known as blue hydrogen. To further give an impetus to plans on hydrogen-based mobility solutions, IOCL has invited bids to procure 15 proton electrolyte membrane (PEM) fuel cell buses, an effort to address all aspects of the hydrogen value chain. The idea was to reduce tail-pipe emissions of the buses, but it also resulted in higher fuel efficiency. India has unveiled a national hydrogen mission (NHM) to accelerate plans to generate carbon-free fuel from renewables. Hydrogen is produced predominantly through Steam Methane Reforming (SMR), which utilises fossil fuels such as natural gas or coal, and through proton exchange membrane electrolysis (PEME), which splits water into hydrogen and oxygen using a current of electricity. Currently, all of the hydrogen consumed in India comes from fossil fuels. However, by 2050, it is projected that nearly 80% of India's hydrogen will be green, produced by renewable electricity and electrolysis. Image Source Also read: Understanding the asset monetisation push Also read: Green hydrogen facility to come up in Tamil Nadu

Next Story
Infrastructure Urban

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Next Story
Infrastructure Urban

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Next Story
Building Material

Sources Unlimited Introduces Vitamine Pendant Lamp by Melogranoblu

Sources Unlimited has launched the Vitamine Pendant Lamp by Melogranoblu in India, expanding its portfolio of curated international luxury lighting solutions. Designed and crafted in Italy, the Vitamine pendant reflects contemporary glass artistry, combining hand-blown craftsmanship with refined aesthetics and atmospheric illumination.The Vitamine Pendant Lamp is sculpted in hand-blown glass and is available in frosted, silver and black metallised finishes. Each finish offers a distinct visual identity while maintaining a cohesive and sophisticated design language. The lamp’s softly contoure..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App