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Jamnagar goes green, but benefits from its oil and chemicals business

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  • Mukesh Ambanic said his new energy foray is by far “more ambitious, transformational and global than anything else” RIL ever done’.
  • Ambani announced its plans to set up a new power electronics gigafactory at jamnagar in addition to photovoltaic panels, energy storage, green hydrogen and fuel cell systems.
  • For its solar PV manufacturing business, RIL said it has natural synergies with its chemical and materials businesses.
  • It’s Jamnagar SEZ is an export-oriented company that floats

The world’s sixth largest refinery complex at Jamnagar in Gujarat will now become the focus of many green energy plans Reliance Industries.

Speaking at the company’s 45th Annual General Meeting, Chairman Mukesh Ambania said his new energy foray is by far “more ambitious, transformational and global than anything else” to trust ever done before”.

As it creates a manufacturing ecosystem, RIL plans to establish four giga factories at the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, with an investment of ₹75,000 crore. In addition to plans to enable at least 100 gigawatts of solar power by 2030, it will realize capacities for photovoltaic panels, energy storage, green hydrogen and fuel cell systems.

At the AGMAmbani announced his plans to set up a new power electronics gigafactory. It is the key component connecting the entire green energy value chain with affordable and reliable power electronics.

“We are building significant capabilities in the design and manufacturing of power electronics and software systems, integrating with our telecommunications, cloud computing and IoT platform capabilities,” said Ambani.

Being close to O2C biz to drive cost savings

The location of the new energy operations in Jamnagar is important as its cost effectiveness is related to the refinery and oil-to-chemicals operations. It has acquired solar panel manufacturer REC and is in the process of setting up a 10GW solar PV cell and setting up a module factory in Jamnagar, which is expected to start production in 2024.

In addition to increasing the efficiency of the panels, RIL also wants to extend the lifespan of panels from the current 25 years to 50 years. The quartz-to-module facility claims to start with quartz which will be converted to metallurgical silicon and multiple phases to integrate the polysilicon with cells and PV modules.

“We will also invest in glass and POE in manufacturing – both have natural synergies with our chemical and materials businesses. This provides security of supply, an unparalleled cost advantage and the opportunity to achieve chain margins with maximum recycling,” says Ambani, describing how the synergies will make it cheaper and greener.

Disrupting the battery industry with chemistry

The oil and chemicals business will also help the company create an end-to-end battery ecosystem – from battery materials to cell manufacturing, leading to packs and battery management system (BMS). The aim is to provide safe and reliable batteries with a high energy density and fast charging capabilities.

However, unlike most other battery makers, the company also plans to disrupt the industry with “superior chemistry” and without reliance on precious metals to ensure the security of their supply chain.

Currently, most precious metals that can withstand high temperature oxidation and are therefore used in batteries have supply chain issues and are mostly located in China.

Integration also aids growth and the ability to experiment. First, it plans to set up 20 GW of solar power – all of which will be consumed for its green hydrogen. Since RIL is already a major producer of gray hydrogen using thermal or gas-based energy, this solar plan will help turn it green, which is produced using renewable energy sources.

“Once proven at scale, we are willing to double the investment to scale up our manufacturing ecosystem,” Ambani said.

Since green hydrogen can be exported, the location in export-oriented Jamnagar could help support the company’s global ambitions to build a new-age energy company, from the same place where it was once backwardly integrated decades ago from yarn to plastic to plastic. a refinery.

SEE ALSO: Reliance Retail is headed by Isha Ambani this year. Entering FMCG Business

PM Narendra Modi assures: India will reach 50% non-fossil energy by 2030 and ‘net zero’ by 2070

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