Hi-Tech Pipes Commits to Decarbonisation in Line with Government's Zero Emissions Goal
Key Ideas
- Hi-Tech Pipes plans to decarbonise 60% of its manufacturing facilities by 2030 and achieve complete decarbonisation by 2033.
- The company aims to source 13.50 MW of green power, accounting for 30% of its total power needs, in alignment with the government's emissions targets.
- The Indian government's National Green Hydrogen Mission, aiming for energy independence and decarbonisation, has been approved, with Hi-Tech Pipes entering into partnerships for green hydrogen projects.
- Collaboration with a leading renewable energy supplier will facilitate the generation and captive use of green hydrogen, leveraging the supplier's expertise in EPC and R&D in green hydrogen technology.
Hi-Tech Pipes, a steel tubes and pipes manufacturer, has committed to decarbonising its manufacturing facilities to align with the Indian government's goal of achieving zero carbon emissions by 2070, with interim targets of 30-35% reduction by 2030. The company plans to decarbonise 60% of its facilities by 2030 and complete the process by 2033. By sourcing 13.50 MW of green power, representing 30% of its total power requirement, Hi-Tech Pipes aims to bolster its sustainability efforts. The government's push for green power, including solar and wind energy, is supporting this transition towards decarbonisation. Furthermore, the approval of the National Green Hydrogen Mission underscores India's ambition to lead in green hydrogen production, utilization, and export, enhancing energy independence and decarbonising key economic sectors. Hi-Tech Pipes has signed an MoU with a renewable energy supplier to drive green hydrogen projects efficiently, leveraging the supplier's strong EPC capabilities and extensive R&D expertise in green hydrogen technology. This strategic collaboration highlights the company's commitment to sustainable practices and aligns with the broader national agenda for a greener and cleaner future.