Reliance to replace auto fuels with electricity, hydrogen; targets carbon-zero co by 2035

Reliance Industries, operator of the world’s largest refining complex, will replace transportation auto fuels with clean electricity and hydrogen as it set a target to become net carbon-zero by 2035, its chairman Mukesh Ambani said on Wednesday.

The oil-telecom-to-retail conglomerate, which has pivoted away from energy to the new economy in recent years, will use technology to convert carbon dioxide into valuable chemicals and other material building blocks.