RIL to convert all oil it refines into chemicals, new materials, to create 2,00,000 green jobs
Reliance Industries Limited (RIL) plans to transition its entire oil refining business into chemicals and new materials to align with global sustainability goals. The company expects this shift to create 200,000 green jobs through its new energy and materials platforms.
Why it matters
This represents a major strategic pivot for one of the world's largest oil refiners, signaling a broader industrial shift toward green energy and circular economies.
In the long run, Reliance Industries Ltd (RIL) will convert all the oil it refines into chemicals and new materials, CMD Mukesh Ambani told shareholders on Friday (June 19, 2026).
The article summarizes corporate announcements and strategic goals without taking a stance on the feasibility of the transition.
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