New Delhi, May 15 -- India's agrochemical manufacturing sector is poised for a green transformation, with plans to integrate up to 11 GW of renewable energy (RE) capacity by 2030, according to a new report by JMK Research. This shift will require an estimated investment of USD 7 billion.
Agrochemicals, including fertilisers, biostimulants, and pesticides, are considered hard-to-abate due to their heavy reliance on fossil fuels for both raw materials and energy.
The report reveals that over 90 per cent of emissions in this sector stem from fertiliser production, especially urea. Although pesticides are more energy-intensive per unit, their overall impact is smaller due to lower production volumes.
Currently, only about 3 per cent of ele...
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