Saturday, Dec 4 2021 | Time 12:30 Hrs(IST)
Business Economy

UltraTech signs MOU with PRESPL for scaling up use of Agri Waste as fuel in cement manufacturing

Mumbai, Oct 13 (UNI) Cement major, UltraTech Cement said that it has signed a non-binding Memorandum of Understanding (MoU) with Punjab Renewable Energy Systems Pvt. Ltd (PRESPL), which is India's largest biomass aggregation and densification company with forward integrated value chain.
The MoU is part of Ultra Tech's endeavor to decarbonize its operations and aims to significantly scale-up the use of biomass in place of fossil fuel like coal in UltraTech's manufacturing operations.
Under the agreement, PRESPL will leverage its technological expertise to replace coal based systems with biomass-based processes. PRESPL will execute the biomass-based projects at three of UltraTech's units.
Cumulatively, implementation of these three projects is estimated to generate annual carbon savings of over 150 thousand tonnes of CO2.
As part of this agreement, PRESPL will also build a sustainable supply chain of agricultural waste to be utilized as biomass energy in the kilns of Ultra Tech's integrated units. This biomass-based fuel model helps to safely dispose agri-residue, which is currently burnt in open fields, thus helping reduce Scope 1 and Scope 2 emissions. Higher usage of agri residue in cement kilns, will also augment income for farmers, while reducing the country's dependency on coal imports.
"UltraTech, as a founding member of Global Cement and Concrete Association (GCCA) has committed to 'Climate Ambition 2050', to deliver carbon neutral concrete by 2050. We have taken an ambitious target of reducing Scope-1 GHG intensity by 27 pc by 2032, taking 2017 as baseline. Our MoU with PRESPL, is a step to further accelerate our efforts to decarbonise our operations and deliver our sustainability targets," said Mr Kailash Jhanwar, Managing Director, UltraTech cement.
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