India’s Largest Refiner Looks To Ditch Oil In Favor Of Renewables

India’s Largest Refiner Looks To Ditch Oil In Favor Of Renewables

Indian Oil, its namesake country’s largest refiner, is preparing to diversify into green energy as New Delhi expands its plans to abandon fossil fuels in the coming years, according to emerging reports.

Existing refinery expansion plans will remain flexible to allow for cancellations, provided oil demand falls faster than anticipated, chairman Sanjiv Singh said in an interview this week.

Renewable energies are taking up larger share of the country’s energy mix, but the refining company plans on being relevant even after the end of oil. Read More…

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