IndianOil has resolved to achieve net-zero operational emissions by the year 2046. IndianOil’s decarbonisation plans encompass both Scope 1 & 2 emissions. Mr Shrikant Madhav Vaidya, Chairman, IndianOil, made the announcement during the Company’s 63rd Annual General Meeting, held on 25th August, 2022. The year 2046 coincides with India completing 99 years of independence and the celebration of its 100th Independence Day. This historic declaration by the country’s energy major, aligns with India's net zero commitment by 2070 announced as part of the Panchamrit goals by the Hon'ble Prime Minister at the COP-26 Summit last year.
IndianOil’s current GHG emission stands around 21.5 million metric tonnes of carbon dioxide equivalent (MMTCO2e). The emissions including that of CPCL is ~ 24 MMTCO2e. The reported figures pertain to emissions from operations. The GHGs accounted by the company are CO2 (98.5%), CH4 (0.5%) and N2O (1%).
Out of the above, Scope-1 emission constitute 96% of the emissions while the remaining 4% are on account of Scope-2 emissions. About 97% of the emissions are due to refineries and petrochemicals operations while about 2% are on account of Pipeline operations and balance about 1% are from Marketing operations.
With proposed expansions, the emissions are expected to be over 40 MMTCO2e by the end of this decade.
IndianOil is has a dual role of meeting the national energy needs and also to fulfill its role as a responsible global citizen. We are committed to both these objectives and are embarking upon the transition towards a greener future.
The company continues its existing emission mitigation efforts towards lowering operational emissions, offering greener products and mitigating supply chain emissions. Going forward, you would see our commitments grow to meet our net zero aspirations.
1. Achieve net zero operational emissions
IndianOil has been undertaking efforts to improve its operations, reduce the environmental impact of products and enhance supply chain performance. The Company engages with subject matter experts, undertakes audits and in-house R&D, and pursues partnerships to accelerate progress toward its stated goals.
2. Meeting electricity requirements of expansion projects through renewable energy
IndianOil is cognizant that any future expansions will result in emission growth, and it is imperative to mitigate the same from a net zero perspective. In pursuit of this target, IndianOil plans to meet the electricity needs of its refinery expansion projects using renewable power
3. Increase the proportion of greener fuels in the product mix
IndianOil’s products form the backbone of India’s fuel needs. The Company meets the fuel needs of around 3 crore customers every day, across the length and breadth of India. With emissions from energy consumption contributing to nearly 75% of global emissions, there has been a proactive effort to offer greener products like SERVO Raftaar, Xtra Tej, XP95, Xtragreen, IndiGreen etc. As a responsible corporate, IndianOil is transitioning into an Integrated Energy Solutions Company to make India energy secure while reducing its carbon footprint.
4. Invest in low carbon energy technology and undertake partnerships
IndianOil has taken initiatives which it plans to scale up through partnerships and R&D to develop low carbon technologies like green hydrogen, CCUS, alternate energy, EV and start-up tech solutions.
5. Engagement with value chain partners to reduce emissions across the current network
IndianOil believes responsible business practices must be adopted across its value chain to deliver on its promise of crafting a greener future for all. The Company is committed to bringing greater efficiencies and greening of the value chain.
6. Bring greater linkages between employee skills & company climate goals
IndianOil understands that achieving net zero would require business transformation and mobilising human resources at a significant scale. To achieve the target of net zero, IndianOil is undertaking measures such as trainings, technology exposure, cross-functional team building etc., to have necessary systems in place to achieve the target.
7. Establish IndianOil as a leader in environment sustainability
As a leader in the energy and fuels business in the country, IndianOil views sustainable business practices as a defining element of competitiveness to maintain its status, equity and standing, both in the market and in society. The Company is developing competencies and necessary experience in the arena of environmental sustainability, necessary to maintain leadership in the changing business environment.
Working responsibly, the company has successfully avoided/mitigated 3.36 MMT carbon emissions during FY2021-22. With regard to fuel related developments, the company is guided by various national commitments / targets. For other environmental aspects, the company is adhering to various national environmental norms. Some of the key targets which contribute significantly to the nation’s environmental aspirations are highlighted below:
Improving Petroleum Products:
Currently, Ethanol blending in petrol of about 10% has been achieved. The company is working towards 20% ethanol blended Petrol in line with government mandate
Ensuring availability of cleaner Natural Gas / Compressed biogas:
IndianOil is augmenting infrastructure for increasing sale of Natural Gas. The company aims to be a significant contributor towards achieving the national goal of increasing the share of natural gas in India’s energy mix to 15% by 2030.
IndianOil is spearheading the GoIs SATAT scheme which targets 15 MMTPA CBG production and sale of Compressed Biogas (CBG) across the country.
Establishing Footprint in Electricity Business:
IndianOil’s current RE portfolio is 237.77 MW which includes 167.6 MW of Wind capacity and 70.1 MW of Solar capacity. Currently, ~150 MW of IndianOil’s RE projects supply power to the national grid. The company is targeting to increase its RE portfolio to GW scale towards meeting its net zero commitments and as a business diversification effort.
IndianOil has installed ~1900 EV charging stations and targets to install 10,000 EV charging stations in next three years.
Restoring the environment:
IndianOil is maintaining a healthy green belt of 40 lakh trees within & beyond its operational units and undertakes many environment conservation projects outside its locations. The company is supporting measures towards conserving rhinoceros population. The company has adopted one-horned rhinos in zoological parks in various states of the country where we are providing funds towards care and upkeep of these majestic species. As a corporation we are also playing a leading role in the relocation of Cheetah back in India. The Company will be contributing ~ Rs. 50 crore over the next five years towards Project Cheetah, being taken up under the aegis of the National Tiger Conservation Authority. 8 Cheetahs have already been flown in from Namibia and introduced at the Kuno National Park, Madhya Pradesh. Nature-based solution is also a key area identified by the company in achieving net zero emissions.
Greener Supply Chain:
IndianOil has a pipeline network of over 15,000 km length. Pipelines result in 75% less emissions as compared to rail transport. The mode is being promoted over road / rail transport.
IndianOil has set up solar power units in 20,000+ retail outlets (~57%). These units have a total capacity of 111.5 MW.
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At many places in this website, you shall find links to other websites/portals. The links have been placed for your convenience. IndianOil is not responsible for the contents and reliability of the linked websites and does not necessarily endorse the views expressed in them. Mere presence of the link or its listing on this website should not be assumed as endorsement of any kind. We cannot guarantee that these links will work all the time and we have no control over the availability of linked pages.
When you select a link to an external website, you shall be leaving IndianOil's website and shall be subject to the privacy and security policies of the owners/sponsors of the outside website(s).
IndianOil cannot authorise the use of copyrighted material contained in the linked website(s). Users are advised to request for such authorisation from the owners of the linked website(s).
Prior permission is required before hyperlinks are directed from any website/portal to this site. Permission for the same, stating the nature of the content on the pages from where the link has to be given and the exact language of the Hyperlink, should be obtained by sending a request to our Corporate Office. Please visit the Contact Us page of our website for more information.
Also, we do not permit our pages to be loaded into frames on your site. The pages belonging to this site must load into a newly opened browser window of the user.
The following terms and conditions will be deemed to have been accepted by the User on usage of the website www.iocl.com. You are requested to read them carefully before you use the services of this site.
The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.
IndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.
The User's right to privacy is of paramount importance to IndianOil. Any information provided by the User will not be shared with any third party. IndianOil reserves the right to use the information to provide the User a more personalized online experience.
The Site provides links to web sites and access to content, products and services from third parties, including users, advertisers, affiliates and sponsors of the Site. You agree that IndianOil is not responsible for the availability of, and content provided on, third party web sites. The User is requested to peruse the policies posted by other web sites regarding privacy and other topics before use. IndianOil is not responsible for third party content accessible through the Site, including opinions, advice, statements and advertisements, and User shall bear all risks associated with the use of such content. IndianOil is not responsible for any loss or damage of any sort User may incur from dealing with any third party.
The following terms and conditions will be deemed to have been accepted by the User on usage of the website www.iocl.com. You are requested to read them carefully before you use the services of this site.
The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.
IndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.
The User's right to privacy is of paramount importance to IndianOil. Any information provided by the User will not be shared with any third party. IndianOil reserves the right to use the information to provide the User a more personalized online experience.
The Site provides links to web sites and access to content, products and services from third parties, including users, advertisers, affiliates and sponsors of the Site. You agree that IndianOil is not responsible for the availability of, and content provided on, third party web sites. The User is requested to peruse the policies posted by other web sites regarding privacy and other topics before use. IndianOil is not responsible for third party content accessible through the Site, including opinions, advice, statements and advertisements, and User shall bear all risks associated with the use of such content. IndianOil is not responsible for any loss or damage of any sort User may incur from dealing with any third party.
GRIEVANCE OFFICER
In accordance with the Indian Information Technology Act 2000 and the rules notified thereunder, the contact details of the Grievance Officer are provided below:
Sh. Abhinav Bhatt,
Corporate Business Technology Centre,
Indian Oil Institute of Petroleum Management Campus,
Plot No. 83, Institutional Area,
Sector 18, Gurugram,
Haryana – 122001
Email: data-grievance[at]indianoil[dot]in
Phone : 0124-2861509
Click here to view IndianOil's Data Privacy Policy (Offline Data Collection).
Click here to view IndianOil's Data Privacy Policy (Online Data Collection).
CHANGES TO THIS PRIVACY POLICY
The Policy is subject to modifications from time to time. If IOCL decides to change this Policy, IOCL shall publish the modified Policy on its website.
GRIEVANCE OFFICER
In accordance with the Indian Information Technology Act 2000 and the rules notified thereunder, the contact details of the Grievance Officer are provided below:
Sh. Abhinav Bhatt,
Corporate Business Technology Centre,
Indian Oil Institute of Petroleum Management Campus,
Plot No. 83, Institutional Area,
Sector 18, Gurugram,
Haryana – 122001
Email: data-grievance[at]indianoil[dot]in
Phone : 0124-2861509
Click here to view IndianOil's Data Privacy Policy (Offline Data Collection).
Click here to view IndianOil's Data Privacy Policy (Online Data Collection).
CHANGES TO THIS PRIVACY POLICY
The Policy is subject to modifications from time to time. If IOCL decides to change this Policy, IOCL shall publish the modified Policy on its website.
All content, designs, logos, images, and materials displayed on this website are protected by copyright and other intellectual property laws. Unauthorized reproduction, distribution, or modification of any content from this site is strictly prohibited and may result in legal action.
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Copyright Infringement Notice
We take copyright infringement seriously and will pursue appropriate legal action against those who infringe upon our intellectual property rights.
Conclusion
We appreciate your understanding and compliance with our Copyright Policy. By accessing or using our website, you agree to abide by these copyright protections and refrain from unauthorized replication or copying of our design and layout.
Thank you for visiting!
All content, designs, logos, images, and materials displayed on this website are protected by copyright and other intellectual property laws. Unauthorized reproduction, distribution, or modification of any content from this site is strictly prohibited and may result in legal action.
Prohibition of Design and Layout Replication
We kindly remind our users, visitors, and third parties that replicating, copying, or imitating our website’s design, layout, or any distinctive features without explicit authorization is strictly prohibited. This includes, but is not limited to:
Replicating the visual design or layout of our webpages.
Copying or mimicking our unique combination of colors, fonts, graphical elements, or navigational elements.
Reproducing our website’s structure, organization, or presentation.
Using any automated tools, software, or manual methods to replicate or copy any aspect of our website’s design or layout
Copyright Infringement Notice
We take copyright infringement seriously and will pursue appropriate legal action against those who infringe upon our intellectual property rights.
Conclusion
We appreciate your understanding and compliance with our Copyright Policy. By accessing or using our website, you agree to abide by these copyright protections and refrain from unauthorized replication or copying of our design and layout.
Thank you for visiting!