Categories: Miscellaneous

Reliance sources world’s first ‘carbon-neutral’ oil from United States

Billionaire Mukesh Ambani-owned Reliance Industries Ltd has received the world’s first consignment of ‘carbon-neutral oil’ from Oxy Low Carbon Ventures (OLCV), a division of United State oil major Occidental. This feat will further help the oil major to accomplish its target of becoming a net zero-carbon company by 2035.

WARRIOR 5.0 Batch for SBI, RRB, RBI and IBPS Exams Banking Awareness Online Coaching | Bilingual

The Very Large Crude Carrier (VLCC) Sea Pearl containing the carbon-neutral oil from Permian basin, unloaded the cargo at Jamnagar on January 28, 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 (GHG) emissions from the entire crude lifecycle, including oil extraction, transport, storage, shipping, refining, subsequent use, and combustion, have been offset.

Find More Miscellaneous News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Which Book is known as the Bible of Communism? Check Here

Books have always shaped the way people think and understand the world. Some books are…

9 hours ago

Which Indian City is known as the Turmeric City of India?

India is famous all over the world as the land of spices. Different places in…

9 hours ago

US Fed Keeps Interest Rates Unchanged, Signals Policy Uncertainty

The US Federal Reserve has kept the interest rates unchanged at 3.50% to 3.75% in…

11 hours ago

Bengaluru Police Introduce AI Multilingual Feature in Namma 112 Helpline

The Bengaluru Police has launched the AI-powered multilingual feature in the Namma 112 emergency helpline…

11 hours ago

Gaganyaan Programme Expands With Civilian Astronaut Selection Plan

The Indian Space Research Organization started preparing to select the second batch of astronauts for…

11 hours ago

Maharashtra Cabinet Approves AI Policy 2026 to Boost Investment and Jobs

The State of Maharashtra Cabinet which was led by Honorable Chief Minister Devendra Fadnavis have…

12 hours ago