As per reports, Oil India Limited (OIL) is planning to invest around Rs 250 billion to achieve net zero greenhouse gas emissions by 2040. The company’s plan is in line with the country’s national vision for energy self-reliance. OIL will invest in a range of renewable and clean energy technologies including green hydrogen, compressed biogas (CBG), solar and geothermal energy among others. Out of the total investment of 250 billion, Rs 80 billion is earmarked for the development of 2G ethanol. Numaligarh Refinery Limited, a subsidiary of OIL, has already placed an order for replacing grey hydrogen with green hydrogen and is targeting a 20 kilo tonnes per annum (ktpa) capacity. Besides, as part of OIL’s commitment to contributing to the country’s renewable energy capacity, it has entered into joint ventures for solar power plants, collaborating with Assam for 620 MW project and with Himachal Pradesh for 150 MW solar project. Moreover, in line with Mission 4+, OIL aims to increase its crude oil production to 4 million tonnes and natural gas production to 5 billion cubic meters. Also, it plans to drill around 60 wells in Assam and Arunachal Pradesh in 2023-24.