Jubilant Ingrevia Limited Partners with O2 Power to Source Renewable Energy for its SEZ Bharuch Manufacturing Facility in Gujarat, India – EQ
50% of the total energy requirement of the facility to be met through Renewable Energy
Noida, Uttar Pradesh, India – Jubilant Ingrevia Limited, a globally integrated Life Sciences &Speciality Chemicals company, has taken a significant step towards enhancing its renewable energy footprint by signing a power purchase agreement with O2 Power through its wholly owned subsidiary Jubilant Infrastructure Limited for its SEZ Bharuch Manufacturing Facility. This agreement reinforces the Company’s commitment to sustainability through the adoption of green energy. 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 & 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. By integrating renewable energy at our state-of-the-art Bharuch Manufacturing Facility, Jubilant Ingrevia Limited has taken another significant step toward reducing carbon footprint and contributing to accelerating India’s transition to clean, sustainable energy while delivering long-term value to our partners.”
This is a significant step towards making Company’s Bharuch manufacturing facility green.
With the signing of this contract over 35% of Jubilant Ingrevia’s over-all 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.
About O2 Power:
O2 Power is a renewable energy platform in India established in 2020 by Singapore-based investment company Temasek and Stockholm-based investment firm EQT Infrastructure. The company focuses on developing, constructing, and operating renewable energy projects, including solar and wind power. It aims to contribute to India’s ambitious renewable energy targets by generating clean, sustainable, and affordable energy for various sectors, including commercial, industrial, and utility-scale consumers.
About Jubilant Ingrevia Limited:
Jubilant Ingrevia Limited is a globally integrated Life Sciences & Speciality Chemicals company, serving Pharmaceutical, Nutrition, Agrochemical, Consumer and Industrial customers. It has a broad portfolio of over 130+ products and customised solutions that are innovative, cost-effective and conform to global quality standards. It has over 40 years of legacy in the chemicals industry and is amongst the top players globally in Pyridine &Picolines, Pyridine derivatives, Acetic Anhydride, Vitamin-B3 and many other products. Jubilant Ingrevia Limited has a fast-growing Custom Development and Manufacturing business (CDMO) serving pharma, agrochemicals and semi-conductor sectors. The Company serves customers in US, EU, Japan, Middle East, South East Asia and other geographies, in addition to domestic market from its 50 plants across 5 manufacturing facilities in India with a workforce of over 2,300 employees. Its three R&D centres employ over 120 scientists working on cutting-edge research and innovation. Jubilant Ingrevia Limited is a Responsible Care certified company and ranked highly in global ESG indices such as Ecovadis and Dow Jones Sustainability Index. In 2024, Jubilant Ingrevia Limited was also recognised by the World Economic Forum (WEF) and entered its prestigious Global Lighthouse Network (GLN) for deployment of 4IR technologies.
