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

MUMBAI: 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.
The company operates 1.36 million barrels per day refineries at Jamnagar in Gujarat and is one of the leading petrochemical manufacturers in the world.