Jubilant Ingrevia, O2 Power Partner To Source RE For Manufacturing Facility

O2 Power to Power Captive Solar Power to APM Terminals

Jubilant Ingrevia, a globally integrated Life Sciences & Speciality Chemicals company, signed a power purchase agreement with O2 Power through its wholly owned subsidiary Jubilant Infrastructure Limited for its SEZ Bharuch Manufacturing Facility. The contract comes one year after carrying out the same exercise at its manufacturing facilities in Savli, Gujarat and Gajraula, Uttar Pradesh, for which supply is scheduled to begin in April 2025.

Commenting on this development, Deepak Jain, CEO and Managing Director, Jubilant Ingrevia Limited said, “Our continued successful partnership with O2 Power showcases our commitment to drive sustainability and sustainable business practices. This agreement for our Bharuch Manufacturing Facility will enable that 50% of the facility’s total power requirement comes from Renewable Energy to be used in its operations.” This is a significant step towards making the Company’s Bharuch manufacturing facility green.

Renewable Energy Contract

With the signing of this contract over 35% of Jubilant Ingrevia’s overall energy requirement at all manufacturing facilities will be met through renewable energy. Speaking on this occasion, Parag Sharma, Founder and CEO, O2 Power said, “We are thrilled to continue our partnership with Jubilant Ingrevia Limited to provide renewable energy to their Bharuch Manufacturing Facility. This is in addition to the successful, ongoing execution for their facilities in Savli and Gajraula.

By supplying reliable, renewable energy, we are not only supporting Jubilant Ingrevia Limited’s sustainability goals but are also contributing significantly towards a greener, low-carbon future.” As an ESG leader, Jubilant began its journey in the early 2000s, consistently ranking as a top-performing chemical company in initiatives such as the S&P DJSI, TFS, Ecovadis, the CDP Climate Change program and the Responsible Care certification.

The company is now focusing on transitioning to the use of clean energy, with the introduction of renewables being a key aspect of its broader sustainability efforts, alongside initiatives like biomass energy. The World Economic Forum (WEF) recently recognised Jubilant Ingrevia Limited’s Bharuch manufacturing facility as a Global Manufacturing Lighthouse, the only chemical company in the 2024 cohort, for its commitment to digital transformation, so as to enhance efficiencies, further environmental sustainability and ensure a positive societal impact.