Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.33)

33. 

Which of the following become World's first Large Scale Chemical Production Plant to completely run on Renewable Energy?

[A]. Sipchem
[B]. Asahi Kasei Corporation
[C]. Evonik Industries
[D]. SABIC

Answer: Option D

Explanation:

SABIC in Spain, is set to become the World's first large scale industry to completely run on renewable power on signing a major agreement with Iberdrola, an electricity utility company to secure power from solar power projects. The Facility is expected to become fully operational by 2024 and support SABIC to achieve its clean energy target by 2025. This new plant will contribute 80,000 tonne annual reduction in the indirect emission of carbon dioxide supporting the climate change initiatives like EU 2030.

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