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 Fourth Edition – Aug 3rd Week 2024
1. VinFast’s Move: $500 Million EV Facility in Tamil Nadu
- VinFast, Vietnam’s leading electric vehicle (EV) manufacturer, has officially commenced construction on its first integrated EV manufacturing facility in Thoothukudi, Tamil Nadu. This significant project, spanning 400 acres within the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) industrial estate, represents an initial investment of $500 million over five years. The facility is projected to have a production capacity of 150,000 vehicles annually and will create approximately 3,500 jobs for residents
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2. Hygenco and Mitsubishi Power Partner for Global Green Hydrogen and Ammonia Solutions
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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. CEOs Linking Climate Action to Financial Success
- A PwC survey of 4,702 CEOs reveals that companies addressing climate-related opportunities report better financial performance. Only 30% see climate change driving business model shifts soon, but those taking action on climate resilience and net-zero products enjoy higher profit margins and revenue growth. CEOs using standard investment criteria for climate initiatives report equal or better returns, debunking the myth of necessary trade-offs. Climate action boosts long-term business confidence, particularly for companies innovating in climate-friendly products and services.
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4. Splitwaters and Oriana Power to Advance India’s Green Hydrogen
- Splitwaters and Oriana Power’s partnership utilizes advanced technology in green hydrogen and e-fuels production, focusing on cutting-edge electrolyzers and Balance of Plant (BOP) systems. Splitwaters’ modular design of these systems is engineered to reduce capital expenditure (CAPEX) by up to 30%.
- This approach incorporates minimal on-site construction (less than 20%), relying instead on “plug-and-play” modules that simplify project execution and reduce risk. The technology supports the production of green hydrogen, green ammonia, and green methanol, which are crucial for sustainable energy development in India. Oriana Power plans to demonstrate this technology through India’s fully operational green hydrogen production unit.
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5. LanzaTech and Jakson Green to Transform NTPC with 4G Ethanol Technology
- LanzaTech Global, Inc. has teamed up with Jakson Green to deploy its 4G ethanol technology at NTPC Limited’s facility in India. The cutting-edge bioreactor system will convert CO2 emissions and green hydrogen into ethanol, aiding in sustainable fuel production. This project, developed in collaboration with NTPC’s research arm NETRA, supports India’s “Make in India” initiative by promoting local manufacturing.
- Dr. Jennifer Holmgren of LanzaTech highlights the dual benefits of environmental sustainability and business growth. At the same time, Kannan Krishnan of Jakson Green emphasizes its transformative impact on India’s clean energy landscape through advanced Power-to-X technologies. Jakson Green will manage the project’s design, engineering, procurement, and construction.
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6. HP and IICA Launch ESG Professional Programme
- Dr. Ajay Bhushan Prasad Pandey, Director General & CEO of IICA, highlights the significant climate and sustainability efforts in the newly launched “HP Future Impact Leader – IICA Certified ESG Professional Programme.” This initiative aims to cultivate leaders who can drive sustainable and responsible business practices. Dr. Pandey emphasizes the importance of integrating Environmental, Social, and Governance (ESG) principles into business operations to identify cost-saving opportunities, reduce energy consumption, and minimize resource waste.
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7. LANXESS India’s Sustainability Vision
- Namitesh Roy Choudhury, Vice Chairman and Managing Director of LANXESS India, outlines the company’s comprehensive sustainability efforts. LANXESS has integrated sustainability into its core strategy, with a significant portion of the board’s compensation linked to achieving sustainability targets. The company is nearly 84% climate neutral on Scope 1 and Scope 2 emissions annually. Key initiatives include investing in renewable energy, implementing resource-efficient processes, and developing sustainable products using alternative raw materials.
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8. Amazon India and Gentari Partner to Expand EV Deployment
- Abhinav Singh, VP of Operations at Amazon India, and Nikhil Thomas, CEO of Gentari Green Mobility India, highlight their joint efforts to deploy 10,000 electric vehicles (EVs) for last-mile deliveries by 2025. This partnership aims to reduce carbon emissions and promote sustainable transportation. Gentari will supply and deploy EVs over the next three years, providing comprehensive fleet management services to Amazon’s Delivery Service Partners (DSPs). This initiative includes access to electric three-wheelers, charging infrastructure, and vehicle life cycle management, ensuring seamless operations and maintenance. By the end of 2023, Amazon India had already deployed over 7,200 EVs.
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9. Driving Efficiency and Sustainability in Construction and Energy
- Keshav Khurana, Executive Director of Wohlhaupter India, highlights the integration of IoT, sensors, and data analytics to monitor tool conditions and optimize usage, enhancing efficiency and sustainability in the construction and energy sectors. This approach reduces waste and energy consumption by ensuring tools are used only when necessary and maintained properly. Jay Shah, Managing Director of Tungaloy
- India Pvt Ltd, emphasizes the need for custom solutions to address the unique challenges of these industries, focusing on stable and reliable metal cutting, which minimizes material waste and extends tool life. Gautam K Ahuja, CEO & Managing Director of Guhring India Pvt Ltd, discusses the use of advanced materials and coatings, such as high-performance carbide and ceramics, to improve tool durability and efficiency, reducing the frequency of replacements and the environmental impact of manufacturing new tools.
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10. BMW’s Jean-Philippe Parain Advocates for India’s Direct Transition to EVs Over Hybrids
- Jean-Philippe Parain, BMW’s Senior Vice President, emphasizes that India should focus on electric vehicles (EVs) rather than hybrids, arguing that EV adoption will yield greater benefits with concentrated efforts. Despite slower global EV adoption due to reduced subsidies, BMW’s EV sales grew 34% to 180,000 units in early 2024. Parain highlights India’s favorable 5% GST on EVs and BMW’s plans to invest in charging infrastructure. BMW aims for flexibility with ongoing investments in combustion engines, hybrids, and potential hydrogen technologies.
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