BPCL’s MAK Lubricants Supports India's Green Steel Vision at MMMM 2024

Bharat Petroleum Corporation Limited (BPCL), a Maharatna and India’s second-largest government-owned downstream oil producer, actively participated in the MMMM 2024, a prestigious event focusing on innovations in metal production and sustainable practices in the steel industry. The event, inaugurated by Hon’ble Minister of State for Steel and Heavy Industries, Sri Bhupathiraju Srinivasa Varma, brought together global leaders, industry experts, and key stakeholders from the steel and metal industries.

The event, hosted at Yashobhoomi from September 27 to September 29, 2024, included an international conference on “Process & Product Innovations in Metal Production” and an open seminar on Green Steel Production. Organized by Hyve India Ltd., IIM Delhi Chapter, Metalogic PMS, and the World Metal Forum, the event was a crucial platform for discussing technological advancements and sustainability in the steel sector.

Speaking on the occasion, Hon’ble Minister of State Sri Bhupathiraju Srinivasa Varma lauded the remarkable progress in steel production, with global capacity nearing 2.5 billion tonnes, and India’s significant role as the world’s second-largest steel producer with a capacity of 178 million tonnes in FY'24. He emphasized that the steel sector is at a pivotal moment, with future growth being driven by digitalization and sustainability. The Minister highlighted India's commitment to reducing carbon emissions, reiterating the promise made by Prime Minister Narendra Modi at COP26 to cut carbon intensity by 45% by 2030 and achieve Net Zero emissions by 2070.

With the steel industry contributing 12% of India's total emissions, BPCL is aligned with the Government's vision of decarbonizing the sector. As a key player in the energy landscape, BPCL, through its MAK Lubricants, is committed to supporting the steel industry’s growth and sustainability initiatives.

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About Bharat Petroleum Corporation Ltd. (BPCL):

Fortune Global 500 Company, Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted Maharatna status, joining the club of companies having greater operational & financial autonomy.

Bharat Petroleum’s Refineries at Mumbai, Kochi and Bina have a combined refining capacity of around 35.3 MMTPA. Its marketing infrastructure includes a network of installations, depots, fuel stations, aviation service stations and LPG distributors. Its distribution network comprises over 22,000+ Fuel Stations, over 6,250 LPG distributorships, 525 Lubes distributorships, 123 POL storage locations, 54 LPG Bottling Plants, 63 Aviation Service Stations, 5 Lube blending plants and 4 cross-country pipelines as on 31.08.2024.

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Bharat Petroleum is integrating its strategy, investments, environmental and social ambitions to move towards a sustainable planet. The company has chalked out the plan to offer electric vehicle charging stations at around 7000 Fuel Stations over next 5 years.

With a focus on sustainable solutions, the company is developing an ecosystem and a road-map to become a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions. Bharat Petroleum has been partnering communities by supporting several initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With ‘Energising Lives’ as its core purpose, Bharat Petroleum’s vision is to be an admired global energy company leveraging talent, innovation & technology.

 

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