Southern Petrochemical Industries Corp Ltd (SPIC) is an Indian company that has been in operation since 1969. The company is primarily involved in the manufacture and sale of fertilizers, chemicals, and petrochemicals. However, in recent years, the company has diversified into renewable energy, specifically in the biomass and waste sectors.

SPIC's foray into renewable energy began in 2010 when the company set up a 10 MW biomass power plant in Tamil Nadu, India. The plant uses agricultural waste such as rice husk, sugarcane bagasse, and coconut shells as fuel to generate electricity. The plant has been operational for over a decade and has been supplying power to the state grid, contributing to the reduction of greenhouse gas emissions.

In 2016, SPIC expanded its renewable energy portfolio by setting up a 1 MW waste-to-energy plant in Puducherry, India. The plant uses municipal solid waste as fuel to generate electricity. The plant has been designed to process up to 50 tons of waste per day, which is converted into biogas through anaerobic digestion. The biogas is then used to generate electricity, which is supplied to the local grid.

SPIC's waste-to-energy plant has been lauded for its innovative approach to waste management. The plant not only generates electricity but also helps to reduce the amount of waste that ends up in landfills. This, in turn, reduces the environmental impact of waste disposal and helps to conserve natural resources.

In addition to its existing renewable energy projects, SPIC has plans to expand its portfolio in the coming years. The company has announced plans to set up a 20 MW biomass power plant in Tamil Nadu, which will use agricultural waste as fuel. The plant is expected to be operational by 2022 and will contribute to the state's renewable energy targets.

SPIC's renewable energy projects are in line with India's ambitious renewable energy targets. The Indian government has set a target of achieving 175 GW of renewable energy capacity by 2022, of which 100 GW is to come from solar, 60 GW from wind, 10 GW from biomass, and 5 GW from small hydro projects. SPIC's projects in the biomass and waste sectors will contribute to the achievement of these targets and help to reduce the country's dependence on fossil fuels.

SPIC's commitment to renewable energy is not only driven by environmental concerns but also by economic considerations. The company recognizes that renewable energy is becoming increasingly cost-competitive with fossil fuels, and investing in renewable energy projects makes good business sense. In addition, the company's renewable energy projects have the potential to create new revenue streams and diversify its business operations.

SPIC's renewable energy projects have also had a positive impact on the local communities where they are located. The company has created jobs in the areas of plant operation, maintenance, and management. In addition, the projects have contributed to the development of local infrastructure, such as roads and power transmission lines.

In conclusion, SPIC is a company that has recognized the importance of renewable energy and has taken steps to diversify its business operations into the biomass and waste sectors. The company's renewable energy projects have contributed to the reduction of greenhouse gas emissions, the development of local infrastructure, and the creation of new jobs. SPIC's commitment to renewable energy is not only driven by environmental concerns but also by economic considerations, and the company's renewable energy projects have the potential to create new revenue streams and diversify its business operations.