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Today Date : Sunday, May 26, 2024

Indian Oil plans to achieve net-zero operational emissions by 2046

Indian Oil plans to achieve net-zero operational emissions by 2046

Indian Oil has resolved to achieve net-zero operational emissions by the year 2046.
Talking to press, IOCL ED VC Ashokan said ''this historic declaration by the country’s energy major, aligns with India's net zero commitment by 2070 announced as part of the Panchamrit goals by the Prime Minister at the COP-26 Summit last year. 

Indian Oil has achieved 10% ethanol blending with Petrol in Tamil Nadu & Puducherry and is working towards 20% ethanol blended petrol in line with government mandate.   SATAT’ scheme on Compressed Biogas (CBG) encourages entrepreneurs to set up CBG plants, produce & supply CBG to Oil Marketing Companies (OMCs) like IndianOil for sale as automotive & industrial fuels. IndianOil had issued over 200 LOIsfor setting up of such CBG production plants in Tamil Nadu, of which2 are already operational and dispensing CBG from 06 outlets in Tamil Nādu & 01 in Puducherry under the brand “IndiGreen”.'

'IndianOil has lined up investments of over Rs. 2,200 crore in the State over the next 2 years for major grass roots and expansion projects. These include grass-roots terminals at Asanur and Vallur, captive POL/LPG jetty at Kamrajar Port and the World’s 2nd largest Integrated Lubes complex at Ammulvoyyal Village apart from Pipeline Projects - Ennore-Tiruvallur-Bengaluru-Puducherry-Nagapattinam-Mdurai-Tuticorin (ETBPNMT) Gas Pipeline and augmentation of Chennai-Trichy-Madurai (CTM) product Pipeline.
''As a socially responsible Corporate, IOC has carried out several initiatives in the fields of Healthcare, Education,Sanitation, Environmental Sustainability and Skill development at a cost of 252 lakhs during the current year.  

''This includes provision of medical equipment and Van to Govt.Hospitals of Tamil Nadu & Puducherry, Smart Vision Glasses for visually impaired students, scholarships to girl students, skill development programmes for students and prisoners, drone operator training for trans-genders etc''