IndianOil's Renewable Energy and Net Zero Commitment: Advancements in Green Hydrogen and Water Management
Key Ideas
- IndianOil currently has a renewable energy portfolio of 249 MW, comprising 168 MW from wind and 81 MW from solar, with plans to expand it by an additional 1 GW.
- The company is committed to achieving Net Zero operational emissions by 2046, with investments in low-carbon initiatives and strategies such as energy efficiency, fuel switching, and green hydrogen production.
- IndianOil is significantly advancing in green hydrogen, with projects like a 10 KTPA pilot green hydrogen plant at the Panipat refinery and partnerships for green hydrogen mobility with the Indian Army and Indian Navy.
- To minimize its water footprint, IndianOil implements innovative water management practices, including rainwater harvesting and recycled wastewater usage, while actively collaborating for hydrogen transportation and setting up hydrogen production infrastructure.
IndianOil is making substantial progress in its renewable energy and sustainability initiatives, aiming to expand its renewable energy portfolio to nearly 31 GW by the next decade. The company has set a Net Zero target by 2046, with plans to invest over Rs. 2.4 lakh crore in low-carbon initiatives to reduce operational emissions. Strategies like energy efficiency, fuel switching, and green hydrogen production are key components of IndianOil's Net Zero action plan. The company is actively involved in green hydrogen projects, including a significant investment in a pilot green hydrogen plant at the Panipat refinery. Moreover, IndianOil is advancing green hydrogen mobility by launching green hydrogen fuel cell buses and exploring partnerships for hydrogen transportation with other entities. In terms of water management, IndianOil has implemented innovative practices such as rainwater harvesting and recycled wastewater usage to minimize its water footprint. The company's efforts align with India's green ambitions, focusing on renewable energy, green hydrogen, and biofuels to contribute to the nation's energy needs and environmental sustainability.
Topics
India
Green Hydrogen
Renewable Energy
Energy Transition
Sustainable Transportation
Water Management
Net Zero Commitment
Water Footprint
Innovative Water Practices
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