RIL board decides to restructure, repurpose gasification assets

Reliance Industries Ltd’s Board on Wednesday decided to implement a ‘Scheme of Arrangement’ to transfer the ‘Gasification’ undertaking into a wholly-owned subsidiary (WOS).

“RIL targets to have a portfolio which is fully re-cyclable, sustainable and net carbon zero. This will be achieved by transitioning to high value materials and chemicals with renewables as the source of meeting its energy requirements,” the company said in a statement.

“As RIL progressively transitions to renewables as its primary source of energy, more ‘syngas’ will become available for upgradation to high value chemicals including ‘C1 chemicals and hydrogen’.”