GAIL (India) Limited and AM Green B.V. (AMG) recently inked a Memorandum of Understanding (MoU) to explore projects aimed at advancing sustainable energy solutions in India.
The collaboration focuses on the long-term supply of carbon dioxide for eMethanol production as well as the development of hybrid renewable energy projects in India.
Shri Sumit Kishore, Executive Director (Business Development, Exploration, and Production), GAIL, and Shri Mahesh Kolli, Group President, AM Green, signed the MoU in the presence of Shri Rajeev Singhal, Director (Business Development), GAIL.
In the exchange filing, the company also shared, “In line with the MoU, both the parties envisage to undertake studies for long-term supply of around 350 KTA CO2 generated by GAIL in its gas processing plants to produce eMethanol, an environmentally friendly fuel that can reduce carbon emissions and promote a circular economy. GAIL shall also have an equity option to invest in the proposed eMethanol project, ensuring a strategic partnership that supports both companies’ objectives in promoting sustainable energy solutions.”
Furthermore, both parties are keen on working on the establishment of solar/wind hybrid renewable projects up to 2.5 GW across India. The hybrid solar/wind projects, together with Greenko’s forthcoming Pump Storage Projects, are expected to provide round-the-clock power to end users, including the proposed eMethanol project.
