{"id":483846,"date":"2022-04-12T09:34:00","date_gmt":"2022-04-12T04:04:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=483846"},"modified":"2022-04-12T10:24:53","modified_gmt":"2022-04-12T04:54:53","slug":"reliances-unique-energy-transition-story","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliances-unique-energy-transition-story\/","title":{"rendered":"Reliance\u2019s unique energy transition story"},"content":{"rendered":"<p>Reliance Industries Ltd\u2019s strong cash flow generation in the \u2018best in class\u2019 old energy business can fund the capex of the new energy business and in turn drive one of the fastest and most profitable net-zero transitions by 2035 amongst large energy companies, Goldman Sachs has said.<\/p>\n<p>Billionaire Mukesh Ambani in 2020 set a 2035 target for Reliance, which operates the world\u2019s largest single-location oil refining complex and also has an array of petrochemical units, to turn net carbon zero by 2035.<\/p>\n<p>The company has already spent USD 1.5 billion in acquisitions to lay grounds for its new energy forays that include solar, battery and hydrogen. The carbon savings on these are to offset emissions from oil and chemical businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd\u2019s strong cash flow generation in the \u2018best in class\u2019 old energy business can fund the capex of the new energy business and in turn drive one of the fastest and most profitable net-zero transitions by 2035 amongst large energy companies, Goldman Sachs has said. Billionaire Mukesh Ambani in 2020 set a 2035 target for Reliance, which operates the world\u2019s largest single-location oil refining complex and also has an array of petrochemical units, to turn net carbon zero by 2035. The company has already spent USD 1.5 billion in acquisitions to lay grounds for its new energy forays [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-483846","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=483846"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483846\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=483846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=483846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=483846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}