Top Indian Refiner To Invest $25 Billion In Net-Zero Push

OilPrice.com | Aug 25, 2022 at 1:30 PM
  • Indian Oil Corporation, the largest refiner in India, plans to invest $25 billion to achieve net-zero emissions from operations by 2046, its chairman told shareholders at the annual general meeting on Thursday.
  • Indian Oil, which plans to boost its refining capacity by one-third to 2.14 million barrels per day (bpd) by 2025, expects to cut emissions from operations by using renewable energy and building green hydrogen plants at two of its refineries, at Panipat and Mathura.
  • The telecoms-to-oil refining conglomerate owns the biggest refinery in India and the biggest refining hub in the world, Jamnagar.