Billionaire Mukesh Dhirubhai Ambani-owned Reliance Industries Limited has received the world’s first consignment of ‘carbon-neutral oil’ from Oxy Low Carbon Ventures, a division of United State of America oil major Occidental. This feat will further help the oil major to accomplish its target of becoming a net zero-carbon company by 2035.
Very Large Crude Carrier (VLCC) Sea Pearl containing the carbon-neutral oil from Permian basin, unloaded the cargo at Jamnagar on 28th January 2021. It must be noted that Reliance operates the world’s largest single-location oil refining complex at Jamnagar in Gujarat with a capacity of 68.2 million tonnes a year.
This transaction is the first major petroleum shipment of Reliance, for which greenhouse gas emissions from the entire crude lifecycle, including oil extraction, transport, storage, shipping, refining, subsequent use, and combustion, have been offset.
Reliance sources world’s first carbon-neutral oil from USA Reliance sources world’s first carbon-neutral oil from USA