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TOWARDS NET ZERO CLEAN TRANSPORTATION

India to set emission reduction mandates for four IOC unveils India’s fi rst green hydrogen-run bus

sectors, to start carbon trading from 2025 Indian Oil Corporation (IOC) of 2 fuel cell buses was launched by
recently unveiled the nation’s fi rst the Minister. Upon the launch of the
India will set carbon emission India has committed to cutting its green hydrogen-powered bus that two buses, a cumulative mileage of
reduction targets for four fossil fuel ratio of greenhouse emissions to GDP emits just water. IOC will produce more than 3-lakh kms will be covered
dependent sectors, as it looks to align by 2030 to 45% of its 2005 level and close to 75 kgs of hydrogen by split- for long-term assessment of perfor-
its industry with the country’s green- to net zero by 2070. The carbon credits ting water using electricity from mance and durability of the new tech-
house emissions reduction target, a Re- will be traded on the proposed carbon renewable sources. This hydrogen will nology.
uters report said quoting two unnamed market provided under a legislation be used to power two buses which
government offi cials. cleared by the Parliament in December will ply across the National Capital “Hydrogen is deemed as the fuel
last year. Region for trial runs. for future with immense potential in
The report stated that the govern- helping India meet its decarbonisation
ment will fi x carbon emission intensity The proposed Indian carbon mar- Oil Minister Hardeep Singh Puri, duction of one kilo of green hydrogen. targets. Global demand for hydrogen is
benchmarks and reduction targets for that can be sold to fi rms which fall short ket is different from those created while flagging off the buses, said Hydrogen can be used as a fuel for fuel expected to increase by four to seven
three years for companies in petro- of their goals. “The mandates will be in developed countries as they set a hydrogen will be India’s transition fuel cells. Mr. Puri said by the end of 2023, times to 500-800 million tonnes by
chemicals, iron and steel, cement and applicable from 2024-25 and the (car- limit on emissions and then allocate for moving away from fossil fuels. IOC will scale up the number of buses 2050,” Mr. Puri said at the launch. He
pulp & paper. The market trading cycle bon) trade will start in 2025-26,” an of- tradable permits, or credits, to emitter IOC’s R&D Centre at Faridabad is to 15. added that the domestic demand is ex-
will be annual. fi cial was quoted as saying. industries. producing green hydrogen for the pected to increase by four times, from
pilot run. Four cylinders with a capacity IOC will undertake operational tri- current 6-million tonnes at present to
The companies in the four sectors The targets will be aligned with the The targets for reducing each sec- of 30 kgs can run the buses for 350 als of 15 fuel cell buses powered by 25-28-million tonnes by 2050.
are also likely to be the fi rst ones to country’s emission intensity – the total tor’s emissions are being set by a kms. It takes 10-12 minutes for the green hydrogen on the identifi ed routes
trade on the country’s carbon trading amount of greenhouse gas emissions committee comprising of key ministries four tanks to fi ll. As much as 50 units in Delhi, Haryana, and UP. “This green hydrogen powered bus
market from April 2025, which will emitted for every unit increase of gross such as environment, power and of renewable electricity and 9 kgs of is going to transform the face of city
enable them buy and sell carbon credits domestic product (GDP) – reduction renewable energy. The rules and targets deionised water are needed for the pro- Under this programme, the fi rst set transport in the country,” he said.
to meet their goals. Companies which goals submitted to the United Nations, for the industries are likely to be OUTLOOK
exceed their targets earn carbon credits the offi cials said. announced before December.
‘India to dominate upcoming crude oil refi nery
RENEWABLE ENERGY
projects in Asia through 2027’
Adani Green, TotalEnergies to form $300-mn JV
India is set to dominate the new projects are in the construction stage pansion projects that are expected to
Adani Green Energy Ltd. (AGEL) Twenty-Three, an existing jv between build and expansion refi nery projects and are likely to start operations bet- start operations in India by 2027 are
and France’s TotalEnergies have signed Adani Green and TotalEnergies. in Asia, accounting for 45% of the ween 2023 and 2027. While another CDU expansions at Vadinar, Panipat
a term sheet to form a new equal joint upcoming crude oil refi nery projects 32 projects are in the approval stage, and Paradip.
venture in which the French energy TotalEnergies has been active in starts in the region between 2023 and 11 projects are in the commissioning
company will invest $300-mn, and the India’s renewable energy segment mainly 2027, fuelled by rising demand for phase. The Vadinar expansion has a capa-
Adani company will be contributing its through AGEL. It sees India’s renew- petroleum products, according to a new city of 515 thousand barrels per day
assets. able energy market as an “interesting report by GlobalData, a leading data Ms. Bhargavi Gandham, Oil & Gas and is expected to become operatio-
tegic alliance with AGEL and support market by its size and growth and the and analytics company. Analyst at GlobalData, commented, nal in 2024. Nayara Energy Ltd. is the
The new jv will have a 1,050-MW the company in becoming the Indian early development of a merchant mar- “India, being one of the leading con- operator of the project, while Rosneft
of energy portfolio of which 300-MW leader of renewable energy, with a target ket”. The fi rst jv was formed in 2020 The report revealed that out of the sumers of petroleum products, is ex- Oil Co. and Kesani Enterprises Co. Ltd.
are operational, 500-MW are under of 45-GW renewable power capacity by and it acquired shares in AGEL in 2021. 81 refinery projects to commence panding its refi ning capacity to effec- hold 49.13% of equity each.
construction, and 250-MW are under 2030.” The French energy major holds It expects the new jv to speed up its deve- operations in India during the period, tively meet the growing demand.
development. These will be primarily about 19.75 percent stake in AGEL. lopment “through direct access to a two are expected to be new build projects The Paradip and Panipat expansion
solar and wind power assets. large portfolio of assets.” and the rest are expansions of existing The consumption of petroleum projects stand second with a CDU capa-
The agreement between the compa- projects. products in the country grew annually city of 200 thousand barrels per day,
TotalEnergies said that with this nies also involves modifying the terms TotalEnergies also holds slightly by about 10% for the fi nancial year each. IOC is the operator and 100%
transaction it would “reinforce its stra- of investment in Adani Green Energy over 37 percent stake in Adani Total Gas. In India, 35 upcoming refi nery ending March 2023.” The major ex- equity holder of both projects.

142 Chemical Weekly October 3, 2023 Chemical Weekly October 3, 2023 143

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