UltraTech joins EP100 energy-smart companies

UltraTech Cement has joined the EP100, which is a global leadership initiative to bring energy-smart companies together. UltraTech believes that by joining the group it will double its energy productivity and reduce its carbon intensity. UltraTech aims to reduce its carbon emission by 25 per cent by 2021 from its 2005 baseline.

Mr K K Maheshwari, managing director, UltraTech Cement Ltd said, "Our membership of EP100, we believe, will play a catalytic role in helping us accelerate towards doubling our energy productivity, which is a key strategic lever to achieve sustainable business growth."

Helen Clarkson, CEO, The Climate Group, encouraged other cement companies to match UltraTech Cement's commitments. "It's hugely encouraging to see UltraTech, one of the leading cement producers globally, step up on energy efficiency – 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," said Ms Clarkson.

Joining EP100 will enable UltraTech to benchmark itself with global companies on energy productivity. There are several key areas which the company will focus on to increase its energy productivity, such as its investment 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 58MW to 121MW. This demonstrates a commitment towards low carbon transformation and long term energy security for the business. The company is also investing to significantly increase solar power generation for captive usage. This is in addition to its existing contract capacity of 50MW solar power plants.

Leading companies such as 21st Century Fox, BT, Carlsberg, and Dalmia Cement are already members of EP100.