# Indian Oil

Panipat green-H2 + bio-H2 R&D — ₹2 trn plan, dark-fermentation R&D.

Source: https://en.bioecon.ru/companies/indian-oil/
Updated: 2026-07-10

- Country: India
- Ticker: NSE:IOC

## Verifiable facts

| Fact | Value | Source |
| --- | --- | --- |
| Funding | ₹2 trillion (approx. $24 billion) investment plan for green hydrogen and net-zero projects by 2046 | https://enkiai.com/hydrogen/indian-oil-green-hydrogen-ecosystem/, https://www.business-standard.com/article/companies/ioc-to-set-up-green-hydrogen-plants-at-all-refineries-lines-up-rs-2-trn-123022600301_1.html |
| Capacity | 10,000 tonnes per annum (TPA) green hydrogen at Panipat refinery | https://enkiai.com/hydrogen/indian-oil-green-hydrogen-ecosystem/, https://iocl.com/admin/img/UploadedFiles/IntimationStockExchanges/Images/0749e74a76de4422abb3909a1134e90c.pdf, https://www.indianchemicalnews.com/interviews/panipat-green-hydrogen-unit-on-track-for-december-2027-completion-dr-alok-sharma-director-rd-iocl-551 |
| Certification | Green Hydrogen Certification Scheme of India (GHCI) framework for green hydrogen labeling | https://www.pib.gov.in/PressReleasePage.aspx?lang=2&PRID=2189126&reg=3 |
| Production site | Panipat Refinery & Petrochemical Complex, Haryana | https://enkiai.com/hydrogen/indian-oil-green-hydrogen-ecosystem/, https://www.indianchemicalnews.com/interviews/panipat-green-hydrogen-unit-on-track-for-december-2027-completion-dr-alok-sharma-director-rd-iocl-551 |
| Headcount | approximately 10 engineers and operators at the Faridabad pilot facility | https://ieabioenergy.com/wp-content/uploads/2020/11/7-AFF_IEABio_SuccessStories_DBT-IOC-LanzaTech_CO2toLipids.pdf |

Independent sources: business-standard.com, enkiai.com, ieabioenergy.com, indianchemicalnews.com, iocl.com, pib.gov.in

## Technologies

- [Hydrogen fuel from biomass](https://en.bioecon.ru/technology/hydrogen-fuel-from-biomass/)