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India Refiners Brace for a Low-Carbon Future With Fossil Plans

  • Processors drawing up plans to make operations low-carbon
  • Fossil fuels will continue to play a dominant role, IOC chief

India’s biggest oil refiners are finalizing plans to cut down on emissions from their facilities, while remaining optimistic about the future of petroleum fuels in the country.

State-run majors from Indian Oil Corp. to Hindustan Petroleum Corp. are opting for low-carbon operations with the use of green hydrogen and clean power. They are also installing thousands of electric vehicle charging points across the country even as they expect gasoline demand to remain robust for some years.