New Delhi, October 4, 2024: GAIL (India) Limited, a Maharatna Central Public Sector Enterprise, has entered into a landmark partnership with AM Green B.V. (AMG) to drive India’s renewable energy and green chemical initiatives. The two companies signed a Memorandum of Understanding (MoU) to collaborate on projects aimed at advancing sustainable energy solutions, focusing on renewable energy generation and the production of eco-friendly chemicals like eMethanol.
This collaboration is set to explore the long-term supply of around 350 kilotonnes per annum (KTA) of carbon dioxide (CO2) generated by GAIL’s gas processing plants to produce eMethanol. The environmentally friendly eMethanol fuel will not only reduce carbon emissions but also promote a circular economy by utilizing CO2 as a feedstock. GAIL has also been granted the option to invest in the proposed eMethanol project, strengthening the partnership and aligning with both companies’ sustainable energy objectives.
Additionally, the MoU lays the groundwork for developing up to 2.5 gigawatts (GW) of solar and wind hybrid renewable energy projects across India. These projects will be combined with Greenko’s Pump Storage Projects to provide round-the-clock power supply for various end users, including the proposed eMethanol production facility. This initiative will enable GAIL and AMG to deliver a reliable source of renewable energy for powering the green chemical sector and reducing the overall carbon footprint of India’s industrial landscape.
Key Objectives of the Partnership
The agreement focuses on two main areas: the production of eMethanol, an alternative fuel produced using captured CO2, and the development of large-scale renewable energy projects to support green chemical manufacturing. The collaboration will play a critical role in decarbonizing hard-to-abate sectors such as shipping, steel, and cement, thus contributing to India’s green energy transition and environmental sustainability.
About GAIL
GAIL (India) Limited is India’s leading natural gas transmission and distribution company, with an extensive network of gas transmission and distribution pipelines, petrochemical plants, and LNG regasification terminals. Dedicated to enhancing the nation’s energy infrastructure and promoting sustainable development, GAIL’s focus areas include natural gas, petrochemicals, and renewable energy initiatives. For more information, visit GAIL Online.
About AM Green
AM Green is a subsidiary of the AM Green Group, promoted by Greenko founders. It is dedicated to the development of ammonia and other chemicals powered by carbon-free energy sources such as solar, wind, and hydroelectric power. AM Green’s facilities are designed to meet EU standards for Renewable Fuels of Non-Biological Origin (RFNBO) as defined in the Renewable Energy Directive (RED III). Their plant in Kakinada has already achieved pre-certification for RFNBO compliance, with other facilities expected to follow soon.
The MoU between GAIL and AM Green signals a major step towards advancing green technology solutions in India and showcases the companies’ commitment to sustainable development and innovation in the energy sector.
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