Deals18 Nov 2023, 07:21 pm
Taylormade Renewables Ltd partners with Indian Oil Corporation Ltd for Net Zero Carbon Emission projects
AI Summary
Taylormade Renewables Ltd has become an 'Industrial Partner' with Indian Oil Corporation Ltd for its projects related to Net Zero Carbon Emission & Energy Efficiency Improvement. The company will design and produce solar thermal energy systems for IOCL's projects, and has received a pilot project worth INR 1.59 crores from IOCL for a solar thermal energy system at their Faridabad facility.,
Key Highlights
- Taylormade Renewables Ltd partners with Indian Oil Corporation Ltd for Net Zero Carbon Emission projects
- IOCL will provide its requirement and proposed design for the solar thermal energy systems
- The pilot project is for a dual axis tracking parabolic dish based Solar Thermal Energy system (STES) for process heat augmentation at IOCL's Faridabad facility
- The project aims to lower fossil fuel use for thermal energy needs in production
- The partnership can help IOCL achieve its Net Zero Carbon Emission targets