NET ZERO
BY
2040
OIL’s Vision Aligned with the Nation
Pioneering net-zero emissions energy company by 2040
Create Alternative Energy Portfolio
Increase share of gas in Energy portfolio
Adopt cleaner energy sources
Increasing investment in R&D, alternate energy and decarbonation technology.
Creating carbon sink
20% ethanol blending in petrol through NRL & 15% methanol blending through APL
Approx. Investment by 2040 Rs. 20,000 Crore
~25% reduction
- Zero routine flaring
- Fugitive detection and quantification
2026
~95% reduction
- Zero routine flaring
- Near Zero fugitive emissions
- Consolidation of installations
- Dynamic Gas Blending in in Drilling Rigs
- Electrification of installations
- Pilot CCUS
2035
2030
~85% reduction
- Zero routine flaring
- Near Zero fugitive emissions
- Consolidation of installations
- Dynamic Gas Blending in Drilling Rigs
- Transmission line layout for electrification of operations complete; – 800 MW RE capacity installed
2040
100% reduction
- 1.1 GW of Renewable Energy
- 44 KT Green hydrogen with NRL
- 280 Million ltr/year Bioethanol
- 0.2 MMT CBG
- Pilot CCUS/CCS
- Pilot EOR projects Carbonated Water Injection CO2 injection
*reduction in GHG emissions from the base year 2023-24
