Ambuja Cements plans to invest Rs 100 billion in RE projects, including 1 GW capacity and 376 MW waste heat recovery system
Ambuja Cements Limited, part of the diversified Adani Portfolio, has joined the Alliance for Industry Decarbonization (AFID). Ambuja is the first cement manufacturer in the world to become a part of the alliance.
AFID is a global alliance of companies across industries to accelerate net zero transition in line with the Paris Agreement.
As part of its green energy commitment, the company has announced its plan to invest Rs 100 billion in renewable energy projects. These include 1 GW capacity and 376 MW of energy from the waste heat recovery system (WHRS). The projects will power 60% of Ambuja Cements’ expanded capacity through green power by FY2028.
The company utilized over 8.6 million tonnes of waste-derived resources and became 11x water-positive and 8x plastic-negative in FY’24, it said in a statement.
“This marks another significant step for Ambuja in its sustainability journey. We are already amongst the lowest emission-intensity cement producers globally and are undertaking a number of strategic initiatives to further reduce our GHG emission footprint. Being a member of the Alliance for Industry Decarbonization would allow us to leverage the experiences of global cross-sector industry peers, and in turn, share our approach to decarbonization,” said Karan Adani, Non-Executive Director, Ambuja Cements.
It must be noted that the company, operating in the hard-to-abate cement industry, aims to achieve net-zero by 2050, with targets validated by the Science Based Targets initiative (SBTi).
The AFID aims to facilitate dialogue on an industry level and increase cooperation to help companies develop decarbonization strategies aligned with their countries’ commitments. The International Renewable Energy Agency (IRENA) coordinates and facilitates the activities of the alliance.