Skip to content
Subscriber Only

Top Refiner Aims to Replace Diesel and Gasoline With Clean Fuels

  • India’s Reliance seeks to shift toward petchems, hydrogen, EVs
  • India’s biggest company also seeking ‘net carbon-zero’ by 2035
relates to Top Refiner Aims to Replace Diesel and Gasoline With Clean Fuels

Photographer: Amit Bhargava/Bloomberg

Reliance Industries Ltd., operator of the world’s biggest oil refining complex, plans to replace sales of road fuels like diesel and gasoline with cleaner alternatives as it seeks to position itself to ride the global energy transition.

The company will instead convert these fuels into petrochemicals, while focusing on batteries for electric vehicles and hydrogen for transport, Chairman Mukesh Ambani told shareholders at its annual general meeting Wednesday.