State-run Oil India Limited (OIL) plans to invest Rs 25,000 crore to achieve its net-zero emissions target, Oil and Gas Explorer Chairman and Managing Director Ranjit Rath said on September 14.
Rath said at a press conference that OIL is committed to investing in the use of green hydrogen, 2G ethanol plants, compressed biogas plants, carbon capture.
Explorer, which has recently been elevated to the status of a Maharatna company, plans to invest around Rs 8,000 crore in setting up a 2G ethanol plant.
connected with the government’s plan to increase the share of natural gas in India’s energy mix to 15 per cent, Roth said OIL is planning to convert all its diesel engines into gas engines.
The company is also setting up an 80-km gas pipeline from Arunachal Pradesh to Assam, which will bring gas to OIL’s headquarters in Duliajan, he added.
“By the virtue of (the gas) comes to Duliajan, the gas will also find its way into the Northeast Gas Grid and the National Gas Grid,” Roth said.
