NEWS COMMENTARY

Reliance Industries targets net-zero emissions by 2035; aims to develop full-stack synthetic fuels technology

Published:
July 23, 2020
Coverage:
Owning the Energy Transition More...
Activities:
Strategy
Very important

In what could be one of the greatest corporate evolutions in recent history, Reliance is now directing the same energy responsible for its Jio success toward its oil and gas business. In 2018, it completed a $16 billion expansion at the world's largest refinery to expand its crude-to-chemicals production, with a target of 70%. In the recent announcement, Chairman Mukesh Ambani notes that the company is now focusing on developing synthetic fuels. This is not the first foray for Reliance into CO2 conversion, previously being one of the major supporters of algae-based fuels. But as momentum around algae has diminished, attention has shifted toward electrochemical CO2 conversion, with several pilot and commercial projects set to come online.

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