DIL – stands for Decarbonization for India’s Leaders – is a platform at EAI where we provide decarbonization and climate action highlights for India’s corporate leaders.
DIL Weekly is a weekly digest of these highlights. See all DIL Weekly issues from here.
Get all DIL updates from here.
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DIL Weekly Third Edition – Aug 1st Week 2024
1. Indian Oil Corporation Targets 31 GW of renewable energy capacity by 2030
- Indian Oil Corporation (IOC) aims to achieve $1 trillion in revenue by 2047, focusing on growth in oil refining, fuel marketing, and clean energy, according to Chairman Shrikant Madhav Vaidya. In the 2023-24 fiscal year, IOC posted a net profit of ₹39,619 crore ($4.7 billion) on revenue of ₹8.66 lakh crore ($104.6 billion). The company plans significant investments in petrochemicals, renewable energy, and green hydrogen. By 2030, IOC targets 13 million tonnes in petrochemical capacity and 31 GW of renewable energy capacity.
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2. India’s E-Mobility Roadmap Highlights Domestic R&D for EV Cells and Supply Chain
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- India’s e-mobility roadmap, spearheaded by ARAI and launched by Principal Scientific Adviser Ajay Kumar Sood, underscores the need for domestic research and development to lessen import dependency. Key focus areas include developing energy storage cells, EV components, and charging infrastructure. The roadmap envisions India as a leader in e-mobility within 5-7 years, with plans for significant projects in materials recycling and EV aggregates. ARAI aims to boost national energy security and integrate existing infrastructure, aligning with India’s broader energy transition goals.
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3. India Requires $100 Billion to Decarbonize Heavy Industries by 2030
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- India needs to invest approximately $100 billion to achieve its target of 120 GW of renewable energy capacity by 2030 to fully decarbonize heavy industries like steel, aluminum, and cement, which account for 90% of industrial energy demand. According to Aditya Lolla, Asia Programme Director at Ember, challenges include high costs, complex electricity tariffs, and the need for policy support. The government is addressing these issues through financial incentives, grid modernization, and promoting corporate power purchase agreements.
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4. Bio Ethanol from Dented Corn – PHD Chamber of Commerce and Industry
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- J P Gupta, Chair of the Environment Committee at PHD Chamber of Commerce and Industry, emphasized the potential of bioethanol from dented corn for India’s de-carbonization at the 4th International Climate Summit. Dented corn, with 70-75% starch content, yields 2.8 gallons of ethanol per bushel, compared to 1 gallon from regular corn. Gupta highlighted its economic benefits for farmers and its versatility as a fuel alternative, contributing to an 80% reduction in greenhouse gas emissions.
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5. Ohmium International Launches 2 GW PEM Electrolyzer Plant Near Bengaluru
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- Ohmium International has inaugurated a 2 GW Proton Exchange Membrane (PEM) electrolyzer plant at Doddaballapura near Bengaluru, with an investment of ₹2,000 crore. Union Minister Pralhad Joshi inaugurated the 14,000-square-meter facility, which will serve both domestic and export markets. CEO Arne Ballantine highlighted that the plant’s electrolyzers could abate 4 million tonnes of CO2 annually. COO Ashwin Varma emphasized the hyper-modular design for scalability and cost-efficiency. Ohmium also collaborates with Tata Projects and NTPC Renewable Energy Ltd on green hydrogen initiatives.
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6. Greaves Electric Mobility Launches Eltra City
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- Greaves Electric Mobility has introduced the Eltra City at ₹3.66 lakh, offering a best-in-class range of 160 km per charge. Powered by a 10.8 kWh lithium-ion battery and a 9.6 kW motor, the vehicle boasts features such as 14-degree gradability, 49 Nm torque, and hill hold assist for urban and semi-urban roads. It includes a 6.2″ digital instrument cluster with IoT capabilities. The Eltra City is built with a robust full metal body and offers a 3-year warranty, extendable to 5 years.
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7. Sun Mobility and Indian Oil JV to Scale Up Battery Swapping
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- Sun Mobility has partnered with Indian Oil Corporation to expand battery swapping stations across India. The JV plans to invest ₹1,800 crore over three years to establish over 10,000 stations in 40 cities. Sun Mobility, already operating 650 high-utilization swapping stations, aims to address range anxiety and infrastructure challenges with interoperable batteries for two-wheelers, three-wheelers, and e-rickshaws. The collaboration leverages Indian Oil’s extensive network, ensuring reliable and widespread access to battery-swapping solutions.
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8. Gulf Oil Lubricants India Targets Data Center Cooling for Environmental Sustainability
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- Gulf Oil Lubricants India (GOLIL), part of the Hinduja Group, is expanding into the niche segment of data center thermal management to enhance environmental sustainability. Ravi Chawla, MD, and CEO, highlighted the potential of liquid cooling technology to replace traditional air conditioning in data centers. The data center market is projected to reach 1,700 megawatts by 2025, with a growth rate of 20%. Although the market volume is small, estimated at 12-14 million liters at full penetration, the environmental benefits are significant. GOLIL aims to leverage its expertise in fluid technology to make a substantial impact in this sector.
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9. Mercedes-Benz to Expand EV Assembly in India to Achieve Carbon Neutrality Goals
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- Mercedes-Benz is expanding its electric vehicle (EV) assembly operations in India to support its ambitious carbon neutrality goals. Currently assembling the EQS model at its Chakan plant, the company plans to localize other models like the EQA, EQB, and EQE based on market demand. The company focuses on using sustainable materials, energy-efficient manufacturing processes, and developing robust battery recycling programs. Additionally, Mercedes-Benz is creating a sustainable supply chain by collaborating with environmentally responsible suppliers and continuously innovating in EV technology to improve efficiency and sustainability.
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10. Hyundai Motor India Partners with Charge Zone to Expand EV Charging Network
- Hyundai Motor India has partnered with Charge Zone to install 100 DC 60 kW fast chargers across its dealerships, significantly enhancing the EV charging infrastructure in India. The chargers will be accessible to all EV users, not just Hyundai customers, through the ‘myHyundai’ and ‘Charge Zone’ apps. The fast chargers will be powered by renewable energy sources wherever possible.
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11. Tata Power and NHPC Partner for 100% Solarisation of Government Buildings
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- Tata Power Renewable Energy Limited (TPREL) and NHPC Renewable Energy Limited (NHPC-REL) have signed a Memorandum of Understanding (MoU) to install rooftop solar projects on government buildings across India, aiming for 100% solarisation by December 2025 under the PM Surya Ghar Yojna Scheme. The MoU was signed on July 17, 2024, at the NHPC Office Complex in Faridabad, with key signatories including Deepesh Nanda, CEO & MD of TPREL, and S.P. Rathour, CEO of NHPC-REL.
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12. Hybrids Emit Less Carbon Than Battery-Powered Electric Cars – R.C. Bhargava, Maruti Suzuki
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- R.C. Bhargava, Chairman of Maruti Suzuki, emphasized that hybrid vehicles currently emit less carbon than battery-powered electric cars. This assertion is based on the current state of technology and the lifecycle emissions of both vehicle types. The discussion also touched upon the need for the government and industry to collaboratively re-evaluate electric vehicle policies. Bhargava pointed out that while electric vehicles are crucial for long-term sustainability, hybrids can play a significant role in the interim period by complementing the move away from internal combustion engine (ICE) vehicles.
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13. India’s Potential as a Global Wind Energy Manufacturing Hub – J.P. Chalasani, Suzlon
- Suzlon CEO, J.P. Chalasani, has outlined several strategies and techniques to position India as a global hub for wind energy manufacturing, contingent on the incentives provided in Budget 2024. A PLI scheme with an outlay of Rs 20,000 crore specifically for offshore wind energy. Achieving 85% local content in the manufacturing of onshore wind turbines. Providing export incentives to make India a preferred supply chain partner for wind energy equipment globally. Collaborative efforts between the government and industry to create a conducive policy environment. Investing in R&D to develop advanced wind turbine technologies.
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