IOC says NHP to help reduce green hydrogen production costsIOC - 123 Change: 0.50 (0.41 %)
News: IOC has said that the national hydrogen policy (NHP) will help cut the cost of manufacturing green hydrogen by 40-50%.
Views: The company is planning to set up green hydrogen plants at its Mathura and Panipat refineries by 2024. Under the policy, green hydrogen production will get open access without central surcharge and zero inter-state transmission charges. This will lead to a reduction in costs, which is beneficial for the company from a long term persepective.