Indian Oil Corp to fuel expansion with green power
The Hindu
IOC also plans to build a green hydrogen plant.
Indian Oil Corp will seek to cut emissions by using clean electricity from the grid to fuel its capacity expansion, instead of building its own power plants, the country's top refiner said on Friday. IOC, which controls about a third of India's 5 million barrels per day (bpd) of refining capacity, aims to raise its capacity by about 500,000 bpd by 2023-24. "We have got several expansion plans down the line which are already approved. We will not have a captive power plant and will utilise power from the grid, preferably green power. This will help decarbonise some part of the manufacturing," it said.More Related News