Page 134 - CW E-Magazine (5-9-2023)

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RELIANCE AGM

‘Chemicals and materials business becoming sustain-

able, green, circular and consumer integrated’

Reliance Industries Ltd. (RIL) has As a start to the efforts to increase enable the company to establish large-
embarked on a journey to transition its the share of chemicals from the Jam- scale green hydrogen production at
oil-to-chemicals (O2C) business into nagar refi nery, Mr. Ambani noted the Jamnagar, gradually transition captive
a sustainable and green, circular and refi nery is converting some low-value requirements, and simultaneously integ-
consumer-integrated, chemicals and refi nery streams to recently launched rate with green ammonia and green
materials business, its Chairman and highly specialised halo-butyl rubber methanol production for domestic and
Managing Director, Mr. Mukesh Ambani grades and a new purifi ed isophthalic international markets.
stressed while speaking at the 46th acid plant is under commissioning.
Annual General Meeting of the com- “Our company is uniquely posi-
pany on August 28, 2023. “As announced last year, we are tioned to be a global leader in green
executing India’s fi rst and world-class chemicals manufacturing by leveraging
According to him, the key pillars of carbon fi bre facility in Hazira, Gujarat. its O2C infrastructure, talent, and
this transition are an acceleration of the Our carbon fi bre platform will include execution capabilities,” he added.
journey to achieve Net Carbon Zero by carbon fi bre and carbon fi bre reinforced
2035, through use of renewables and plastics. Our target is to be among the Accelerated plans to deploy bioenergy
bioenergy for a sustainable and green top three players globally in the carbon In order to overcome the problem
business; accelerating circularity and fi bre and carbon fi bre reinforced plastic of severe pollution faced by many Indian
consumer-integration; and leveraging composites,” Mr. Ambani said. cities during winters due to stubble
technology and innovation at the refi nery burning, RIL has also accelerated plans
at Jamnagar to progressively operate Green hydrogen initiatives to deploy bioenergy projects.
it as a chemicals and materials feed Commenting on the ambitious
stock production’ engine. green hydrogen initiatives, he noted Within one year, it has become India’s
that RIL is working on two critical largest bio-energy producer based on
“We are well on our way to build components for delivering the most indigenously developed technology,
the new energy ecosystem of manufac- cost competitive green hydrogen and and several more bio-energy projects
turing solar, wind, batteries, hydrogen, its derivatives: cost of renewable power are to be set up to exploit the nearly
and bio-energy platforms. This will generation; and installed cost of elec- 230-mtpa of non-cattle feed biomass
enable us to speed up development of trolyser for giga-scale deployment. that India produces, with most of it
our renewable generation assets to de- “Our solar and wind energy storage inte- currently contributing to air pollution.
liver round-the-clock electricity for our grated manufacturing ecosystem will
captive requirements as well as to meet deliver the most cost-effi cient renew- After setting up two demo units for
the growing needs of Indian consumers. able power. I can also confi dently say Compressed Biogas (CBG) at Jamnagar,
As the cost of renewables will be sig- now that we have a roadmap towards RIL has commissioned the first
nifi cantly lower compared to fossil achieving our targeted cost of electro- commercial scale CBG plant at Bara-
fuel-based energy, this will result in lysers, and in turn, green hydrogen. In banki in Uttar Pradesh in a record time
reduced energy costs and improved collaboration with our technology part- of just 10 months. “We will rapidly
profitability for the O2C business,” ners, we are fi rmly on our way to suc- scale this up to 25 CBG plants across
Mr. Ambani said. cessfully demonstrate this fi rst at MW- India. Our target is to establish 100
scale. We will leverage our engineering CBG plants in the next fi ve years,
On the circularity initiatives, he capabilities, large-scale manufacturing, consuming 5.5-mt of agro-residue and
noted that RIL has been working on scal- and localisation to optimise this at organic waste, thereby mitigating nearly
ing up its chemical recycling techno- giga-scale.” 2-mt of carbon emissions, and producing
logy to deliver application-specifi c green 2.5-mt of organic manure annually. This
products. “This is helping us access In parallel, RIL will set up a fully- would result in reduction of about 0.7-
high-value, high-potential customers in integrated, automated, giga-scale electro- mtpa of imported LNG,” Mr. Ambani
new value chains.” lyser manufacturing facility. This will added.

134 Chemical Weekly September 5, 2023

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