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Prime Minister inaugurates MRPL projects worth INR 2,510 crore

Prime Minister Narendra Modi, who was on a two-day visit to Kerala and Karnataka inaugurated two projects of Mangalore Refinery and Petrochemicals (MRPL) worth INR 2,510 crore in the first week of September. The Prime Minister inaugurated and laid the foundation stone of projects worth around INR 3,800 crore in Mangaluru, including MRPL’s BS-VI upgradation project and sea water desalination plant, and also commissioned India’s first indigenous aircraft carrier, INS Vikrant at the Cochin Shipyard in Kochi. The sea water desalination plant, set up at a cost of around ₹680…

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Indian Oil to spend ₹2 lakh crore towards zero emissions by 2046

State-owned oil refining and marketing major Indian Oil Corporation (IOC) plans to invest ₹2 lakh crore in the coming years to achieve ‘net zero’ operational emissions by 2046. The company aims to achieve two-thirds of emission reduction through energy efficiency, electrification and fuel replacement efforts. About a third of the total emission would be mitigated through options such as carbon capture utilisation and storage (CCUS), nature-based solutions and the purchase of carbon credits. Further, IOC will pursue carbon reduction through hydrogen as a fuel, biofuels, renewable, carbon offsetting through ecosystem…

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