UltraTech Cement pledges to double energy productivity
UltraTech Cement today announced joining EP100, a global leadership initiative bringing together a growing group of energy-smart companies. By becoming a member of EP100, UltraTech has committed to double its energy productivity.
This will also provide a strategic boost to UltraTech’s low carbon growth target of reducing carbon intensity by 25% by 2021 (2005 baseline). Helen Clarkson, CEO, The Climate Group, said, “It’s hugely encouraging… this is a win-win for emissions reduction and business growth. We need to see many more cement companies and other large energy users in hard-to-abate sectors follow UltraTech’s lead.” Founded by The Climate Group, EP100 constitutes corporates that commit to using energy more productively. Energy productivity is a way of measuring energy efficiency that aligns directly with business growth and sustainable development goals.
Strategic levers to double energy productivity
Joining EP100 helps UltraTech to benchmark itself with global companies on energy productivity. The Company is focusing on investing in waste heat recovery systems (WHRS) and renewable energy projects through group captive, open access and captive investments.
UltraTech has committed to more than double its installed WHRS capacity from an existing 58 MW to 121 MW. This demonstrates a commitment towards low carbon transformation and long term energy security for the business. The Company is investing to significantly increase solar power generation for captive usage. This is in addition to its existing contract capacity of 50 MW solar power plants. UltraTech has invested in energy efficiency technologies like cooler upgradation, calciner modification, voltage variable frequency drive (VVFD) installation and burner modification across its manufacturing plants to improve energy productivity.
Future proofing
UltraTech has an ongoing focus on energy performance with significant capital and operational expenditure on energy saving measures. This is evident from its recent achievements in the Perform Achieve Trade (PAT) scheme, a flagship programme under the National Mission for Enhanced Energy Efficiency (NMEEE), launched by the Government of India.
Going forward, UltraTech will be focusing on using globally emerging technologies, change in product mix, energy mix, digitization and carbon pricing to take energy productivity to the next level.
