Following up on commitments made during the India Energy Week 2023, India’s Maharatna PSUs are walking the talk towards a more sustainable future. Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL) are not only jumping on the green bandwagon set by Prime Minister Narendra Modi but are also putting their money where their mouth is by investing in projects that will change India’s energy basket scenario dramatically.
![hp](https://blitzindiamedia.com/wp-content/uploads/2024/02/hp.jpg)
By processing 100 MTPD of rice straw, the plant will not only help bring down stubble burning but it’ll also be cutting down 55,000 tonness of CO2 emissions each year. In the near future, HPCL has plans to set up 100 similar biogas plants in Uttar Pradesh.
![indian-oil](https://blitzindiamedia.com/wp-content/uploads/2024/02/indian-oil.jpg)
IOC is ambitiously pursuing meeting the 650-MW power requirement of its refineries using renewable energy by December 2024. The company’s unwavering dedication extends to achieving zero operational emissions by 2046, positioning it prominently in Bloomberg NEF’s 2023 Energy Transition Score.
![bharat-petrolium](https://blitzindiamedia.com/wp-content/uploads/2024/02/bharat-petrolium.jpg)
In sync with India’s big dreams in the e-mobility sector, BPCL is investing Rs 1 trillion between now and 2040. The company is eyeing green hydrogen, carbon capture, utilisation, and storage (CCUS). On top of that, it has an ambitious commitment to achieve 1 GW of renewable energy capacity by 2025 and a staggering 10 GW by 2040. Wind power plants, polypropylene projects, and infrastructure for natural gas sales are all part of the grand plan.
As these oil giants steer towards renewable energy, their concerted efforts signal a transformative era for India’s energy sector, aligning with global sustainability goals and positioning the country as a leader in green initiatives.
Following up on commitments made during the India Energy Week 2023, India’s Maharatna PSUs are walking the talk towards a more sustainable future. Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL) are not only jumping on the green bandwagon set by Prime Minister Narendra Modi but are also putting their money where their mouth is by investing in projects that will change India’s energy basket scenario dramatically.
![hp](https://blitzindiamedia.com/wp-content/uploads/2024/02/hp.jpg)
By processing 100 MTPD of rice straw, the plant will not only help bring down stubble burning but it’ll also be cutting down 55,000 tonness of CO2 emissions each year. In the near future, HPCL has plans to set up 100 similar biogas plants in Uttar Pradesh.
![indian-oil](https://blitzindiamedia.com/wp-content/uploads/2024/02/indian-oil.jpg)
IOC is ambitiously pursuing meeting the 650-MW power requirement of its refineries using renewable energy by December 2024. The company’s unwavering dedication extends to achieving zero operational emissions by 2046, positioning it prominently in Bloomberg NEF’s 2023 Energy Transition Score.
![bharat-petrolium](https://blitzindiamedia.com/wp-content/uploads/2024/02/bharat-petrolium.jpg)
In sync with India’s big dreams in the e-mobility sector, BPCL is investing Rs 1 trillion between now and 2040. The company is eyeing green hydrogen, carbon capture, utilisation, and storage (CCUS). On top of that, it has an ambitious commitment to achieve 1 GW of renewable energy capacity by 2025 and a staggering 10 GW by 2040. Wind power plants, polypropylene projects, and infrastructure for natural gas sales are all part of the grand plan.
As these oil giants steer towards renewable energy, their concerted efforts signal a transformative era for India’s energy sector, aligning with global sustainability goals and positioning the country as a leader in green initiatives.