Report
India’s Refinery Landscape: Sustainability Trends and Metrics
28 Aug 2024
Introduction
As India continues to grow and its economy expands, there is an increased need and demand for energy production in the country, energy that will be fueled by oil and gas. However, this demand is balanced by India’s commitments to sustainability, particularly in light of the Paris Agreement.
India’s downstream oil and gas sector is undergoing a significant transformation, largely influenced by these global sustainability mandates and the increasing importance of corporate responsibility. To gain a deeper understanding of these shifts, we conducted a focused survey among industry professionals, specifically within the downstream segment. Our aim was to uncover current sustainability practices, explore how they are being implemented, and identify emerging trends that are shaping the future of refinery operations.
Standout Stats
83% of respondents anticipate a significant impact from AI in predicting asset failures, contributing to sustainability and reducing unplanned downtimes.
11% of respondents are focused on implementing Green Chemistry practices on site to reduce environmental impact
39% are actively engaged in mapping carbon intensity, showing a proactive approach to monitoring and managing emissions.
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