Categories: Business

RIL plans to be carbon neutral by 2035 Reliance targets to become zero carbon emissions company by 2035; Brick making will start


RIL plans to be carbon neutral by 2035

new Delhi. Reliance Industries, which runs the world's largest petroleum refinery, aims to make itself a zero-carbon emissions company by 2035. Company Chairman Mukesh Ambani said on Wednesday that to achieve this goal, the company will encourage the use of clean electricity and hydrogen instead of the fuel currently used in transports.

Reliance Group, which operates in the oil-telecom-retail sector, will use technology to convert emitted carbon dioxide into valuable chemicals and other materials into bricks. The company refines 13.6 lakh barrels of crude oil per day at the refinery in Jamnagar, Gujarat. It is one of the leading petrochemical companies in the world.

Ambani said at the company's 43rd annual general meeting that Reliance will continue to be a user of crude oil and natural gas, but will bring in new technologies to convert the emitted carbon dioxide into useful products and chemicals. Ambani said that the company would adopt a strategy of suitable blending of hydrogen, wind, solar power and batteries etc. for clean and affordable energy. He said that after successful implementation of this strategy, we aim to become a carbon emission-free company by 2035. In this way we have 15 years to become the world's leading new energy and materials company.

After making petrol, diesel and aviation fuel from crude oil in the common refinery, 60 to 70 percent of the silt remains. As the size and capital of the refinery increases, they invest on new technology, such as conversion of petcoke to gas, etc. This allows many low-value products such as silt to be converted into high-value products. Globally, common refineries produce about eight percent of naphtha, which can be used to make chemical fertilizers. Reliance's rate of making chemicals from oil is currently 24 percent and the company is aiming to increase it to 70 percent.

Ambani said that significant progress had already been made in the Jamnagar refinery to create a photosynthesis biological system to convert carbon dioxide into high-value proteins, medicinal materials, modern materials and fuels. He said the company would develop the next generation of technology for carbon collection and storage.

This post was published on July 16, 2020 9:10 am

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