The News Scroll 03 February 2021
Last Updated at 7:02 pm | Source: PTI
Reliance gets world s first carbon-neutral oil from US Outlook February 03, 2021 19:02 IST Reliance gets world s first carbon-neutral oil from US outlookindia.com 1970-01-01T05:30:00+0530
New Delhi, Feb 3 (PTI) Billionaire Mukesh Ambani s Reliance Industries Ltd has sourced the world s first consignment of carbon-neutral oil from the US as it looks to become a net zero-carbon company by 2035. Reliance, which operates the world s largest single location oil refining complex at Jamnagar in Gujarat with capacity of 68.2 million tonnes a year, got 2 million barrels of consignment Permian basin, the US supplier said in a statement.
Reliance receives world s first carbon-neutral oil from US
Oxy Low Carbon Ventures (OLCV), a division of US oil major Occidental, delivered the carbon-neutral oil to Reliance
PTI | February 3, 2021 | Updated 21:03 IST
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Billionaire Mukesh Ambani s Reliance Industries Ltd has sourced the world s first consignment of carbon-neutral oil from the US as it looks to become a net zero-carbon company by 2035.
Reliance, which operates the world s largest single location oil refining complex at Jamnagar in Gujarat with capacity of 68.2 million tonnes a year, got 2 million barrels of consignment Permian basin, the US supplier said in a statement.
Oxy Low Carbon Ventures (OLCV), a division of US oil major Occidental, delivered carbon-neutral oil to Reliance, the firm said.
Billionaire Mukesh Ambani s Reliance Industries Ltd has sourced the world s first consignment of carbon-neutral oil from the US as it looks to become a net zero-carbon company by 2035. Reliance, which operates the world s largest single location oil refining complex at Jamnagar in Gujarat with capacity of 68.2 million tonnes a year, got 2 million barrels of consignment Permian basin, the US supplier said in a statement. Oxy Low Carbon Ventures (OLCV), a division of US oil major Occidental, delivered carbon-neutral oil to Reliance, the firm said. This transaction, which was arranged in conjunction with Macquarie Group s Commodities and Global Markets group (Macquarie), is the energy industry s first major petroleum shipment for which greenhouse gas (GHG) emissions associated with the entire crude lifecycle, well head through combustion of end products, have been offset, it said.
The oil-to-retail-to-telecom behemoth on Friday reported a 0.7 per cent Ebitda (earnings before interest, tax and depreciation and amortisation) growth for the quarter ended December 31, 2020, compared with the corresponding quarter in the previous year., , mukesh ambani, reliance industries
Billionaire Mukesh Ambani s Reliance Industries Ltd (RIL) has seen pre-tax profit recover to pre-pandemic levels on the back of continued growth in consumer businesses, Moody s Investors Service said on Monday.