Indian Oil follows billionaires Ambani, Adani in green hydrogen bet

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Business Standard Indian Oil follows billionaires Ambani, Adani in green hydrogen bet

Indian Oil Corp. Ltd., the country’s biggest oil refiner and a large user of hydrogen, will partner with top renewable energy producer ReNew Power and Larsen & Toubro Ltd. to produce green hydrogen that’s fast gaining momentum in the South Asian nation’s clean push. The three companies have signed a binding term sheet to jointly develop green hydrogen projects, while the state-run refiner and the engineering major will form a separate partnership for making electrolyzers for green hydrogen, according to a joint statement


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