GAIL partners with AM Green for sustainable energy solutions

• Posted in OilGas
• on October 8, 2024
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GAIL (INDIA) informed that it has signed memorandum of understanding (MoU) with AM Green B.V. (AMG) to explore projects aimed at advancing sustainable energy solutions in India.

The partnership will focus on the loterm supply of carbon dioxide (CO2) for eMethanol production and the exploration of hybrid renewable energy projects across India.
According to the terms of the MoU, both companies will conduct studies for the loterm supply of around 350 KTA of CO2 generated by GAILs gas processing plants to produce eMethanol, an environmentally friendly fuel that can reduce carbon emissions and promote a circular economy.

Under the agreement, GAIL will also have the option to invest equity in the proposed eMethanol project. Additionally, both parties plan to explore the establishment of solar and wind hybrid renewable projects totaling up to 2.5 GW across India. These hybrid projects, in conjunction with Greenkos upcoming Pump Storage Projects, are expected to provide round-the-clock power to end users, including the proposed eMethanol project.

Rajeev Singhal, Director (business development), GAIL said The signing of this MOU with AM Green underscores our commitment to pioneering sustainable energy solutions. By facilitating the supply of CO2 for eMethanol production, we are taking a proactive approach to reduce carbon emissions and support alternative fuel development.

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