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India Energy Week 2024 Concludes in Goa, Witnesses Massive Participation

Second Edition of the India Energy Week (IEW) 2024 was held at the ONGC Institute of Petroleum Safety, Health and Environment Management (IPSHEM), Goa from 6th February to 9th February 2024. The event saw expansive participation from public and private players belonging to diverse industrial segments. Multiple conferences were held at the IEW 2024 in addition to the elaborate exhibition which attracted major footfall at the event.

Industry Majors Associated with IEW 2024

IEW 2024 had Oil and Natural Gas Corporation (ONGC) as its principal partner. Other partners included public sector Oil & Gas giants, namely IndianOil (IOCL), GAIL, Bharat Petroleum (BPCL), Oil India (OIL), and Hindustan Petroleum (HPCL).

IEW 2024 was sponsored by public as well as private players which included industry majors like Saudi’s Aramco, Petronet LNG, EIL, Mahanagar Gas, Adani Gas, Vedanta Cairn, Nayara Energy, Reliance Industries, Advanced Energy Systems (ADES), Houston-headquartered ExxonMobil, British Petroleum, HPCL-Mittal Energy (HMEL), and Ebara Elliott Energy.

PM Inaugurates IEW 2024, Highlights Govt. Commitments to Energy Sector

IEW 2024 was inaugurated by the Indian PM in Goa

IEW 2024 was inaugurated by the Indian Prime Minister. At his inaugural address, Mr. Modi stated that the Interim Budget for 2024-25 has earmarked Rs. 11 lakh crore for infrastructural development, the major portion of which is for the energy sector. “This amount will create assets in railways, roadways, waterways, airways, and housing which will need energy leading to India’s efforts to expand its energy capacity, the PM said.

Apart from this, Mr. Modi mentioned that USD 67 billion investment in the gas sector is expected in the next 5 to 6 years to increase its share in India’s primary energy mix to 15% from the current 6%. Further, he said that the country targets 20% Ethanol-blending by 2025 to reduce carbon emissions. “We are committed to further improving our energy mix by focusing on the development of environmentally sensitive energy sources”, said PM Modi. Apart from this, he also spoke about the Government’s focus on solar energy and the National Green Hydrogen Mission (NGHM).

Over 350 Exhibitors Participate in IEW 2024, Footfall Crosses 35,000

IEW 2024 saw the participation of over 350 exhibitors from diverse industrial sectors such as Oil & Gas, Renewable Energy & Alternative Fuels, Automation, Heavy Machinery, and more. Further, the event boasted the participation of over 4,000 delegates and over 35,000 visitors.

Bharat Petroleum Unveils India’s First Indigenous Alkaline Electrolyser, EPA Grade Deisel for US Markets

BPCL’s pavilion at IEW 2024

Bharat Petroleum’s CMD, Mr. G. Krishnakumar, unveiled the country’s first indigenously-developed Alkaline Electrolyser at the IEW 2024. This electrolyser has been developed by the collaborative efforts of BPCL and Bhabha Atomic Research Centre (BARC), as a first step towards developing Indian-made electrolysers for industrial scale Green Hydrogen production.

BPCL’s CMD elaborating on the indigenously-developed electrolyser at IEW 2024

Apart from this the oil & gas mammoth also launched its EPA (Environmental Protection Agency) grade diesel specifically for use in engines to be exported to US markets. BPCL’s EPA grade diesel is being produced at its Kochi Refinery.

HPCL Reaffirms Commitment to Net Zero Goals, to Achieve Target “Unit-by-Unit” – Company Director

Hindustan Petroleum’s stall at IEW 2024

While speaking to DD News, Mr. Amit Garg, Director of Marketing, HPCL, reiterated the company’s commitment to achieving net-zero carbon emissions (scope 1 and scope 2)* by 2040. However, he added that this change will be brought about on a “unit-by-unit” basis, and HPCL will start making its facilities carbon net-zero “…location by location right now”.

*Scope 1 emissions are those which come directly from sources owned and controlled by the company, while scope 2 emissions come from sources not directly owned by the company such as the purchase of electricity.

At a depot or a terminal, Mr. Garg explained, “…there are two primary sources of emissions – the grid power that we get, and also the diesel for DG sets. So we have put biodiesel for DG sets and solar for the electricity…we are buying RE from the grid”.

Apart from this, HPCL showcased Biogas purification technologies at its stand at the IEW 2024. HPCL displayed its 2G (second generation) ethanol patented process, which has been deployed at its unit in Bangalore for about 2 years. The company intends to scale up its ethanol production using this technology, which is in line with the Government’s ethanol-blending programme.

IndianOil Plans to Develop 50 GW RE after 2040 – Company Chairman

IndianOil at IEW 2024

While speaking at the IEW 2024, Mr. Shrikant Madhav Vaidya, Chairman, IOCL, said that the company is set on its goal to become carbon net-zero by 2046. In this direction, IndianOil has “…a plan of going for 50 GW of (renewable) energy after 2040. Apart from this, Mr. Vaidya also mentioned IOCL’s intentions to expand in the areas of Biofuel and Green Hydrogen. “So we have a firm plan in place for energy transition, but at the same time, keeping our core business intact because we have to supply the energy needs of the country”.

Adani Gas Showcases its Services at IEW 2024

Adani Gas at IEW 2024

Adani Gas, a sponsor of the IEW 2024, showcased its services at the IEW 2024. These included residential, commercial & industrial Pressurised Natural Gas (PNG), Compressed Natural Gas (CNG), Electric Vehicle (EV) charging, Biogas, and the My AdaniGas app.

Country and Sector Pavilions at IEW 2024

Petrochemical Pavilion at IEW 2024

IEW 2024 featured country pavilions as well as sector pavilions. The event had 6 country pavilions, one each for Germany, Canada, Netherlands, Russia, UK and USA.

Apart from this, there were multiple sector pavilions at IEW 2024, aimed at enabling visitors and delegates from different energy segments to network and connect at the event. Sector-wise pavilions consisted of the Hydrogen pavilion, Biofuels pavilion, City Gas Distribution (CGD) pavilion, LNG Ecosystem pavilion, Petrochem pavilion, Start-up pavilion, Ministry of Power pavilion, MNRE pavilion and Make in India pavilion.

Event 30% Bigger than IEW 2023 – Union Petroleum & Natural Gas Minister

Mr. Hardeep Singh Puri, Union Minister of Petroleum & Natural Gas, said that the IEW 2024 exhibition, which sprawled over 18,000 sq. metre, had 30% more exhibitors than the first edition of the event.

Further, the Minister announced that the next edition of the event will be held at Yashobhoomi, the India International Convention and Expo Centre in New Delhi, from 11th February to 14th February 2025. He added that in 2026 IEW will return to IPSHEM-ONGC Training Institute, Goa again.

Speaking about networking opportunities at the event, Mr. Puri said, “It reflects that IEW has come to acquire a prominent place amongst available platforms where if you go and spend four days, you can meet a wide cross-section of people, those whom you may otherwise take much longer to interact with if they are placed in different global geographies”.