State run Indian Oil Corporation Ltd (IOC) on Monday inked pacts with Gujarat government for implementing projects totaling around ₹ 24,000 crore in the western state.
“IndianOil’s Gujarat Refinery will be implementing India’s first Hydrogen Dispensing Facility as a clean fuel initiative,” the state-run firm said in a statement.
This comes in the backdrop of India working to leverage its compressed natural gas (CNG) pipeline grid and infrastructure to reduce the transportation cost for the new age emission free fuel—hydrogen.
“IndianOil’s Gujarat Refinery is now poised to grow to 18 MMTPA capacity. New units for the production of Polypropylene, Butyl Acrylate and Lube Oil Base stocks will also be added to the Refinery’s portfolio,” IOC chairman SM Vaidya said in the statement.
