Hindalco on track to meet clean energy targets two years ahead
Hindalco Industries is putting a major thrust into its sustainability projects as the company expects to realize the first phase of its interim green house gas (GHG) reduction target by a couple of years before 2030, said Satish Pai, managing director of the company. Hindalco Industries, through the successful completion of phase one of the pumped hydro project, plans to achieve 30% of its energy mix from renewable sources by 2030.
The company plans to become net neutral on carbon by 2050. “Once the first phase of the pumped hydro project comes on stream, we believe it would pave the way for using this technology across our smelters and achieving 30% of our energy mix from renewable sources by 2030.
This and our other sustainability projects might even help us achieve our target a couple of years earlier," added Pai. “Last quarter we reported 19.6 tonnes of CO2 per tonne of aluminium and we believe in bringing it down below four, which is considered green if this pumped hydro plant works," said Pai, who also heads the executive committee of Vikaasa, a coalition of Indian businesses to drive the achievement of UN's Sustainable Development Goals.
Aluminium is not found in its pure form in nature and needs to be extracted, therefore, it has been facing increased scrutiny for its energy-intensive production and refinement processes that contribute significantly to global carbon emissions. Smelting is high on carbon emissions and requires continuous power supply.
In 2022, it had signed a pact with Greenko Group to co-produce 375-400 mw of solar and wind power capacity. “The RE project is to be set up as a captive generation facility under a 25-year offtake arrangement and will supply power to Hindalco’s Aditya Aluminium
. Read more on livemint.com
