GAIL (India) Limited and AM Green B.V. (AMG) today signed a Memorandum of Understanding (MoU) to explore projects aimed at advancing sustainable energy solutions in India. The partnership focuses on the long-term supply of carbon dioxide (CO2) for eMethanol production and the exploration of hybrid renewable energy projects across India. The MoU was signed in the presence of Rajeev Singhal, Director (Business Development), GAIL, by Sumit Kishore, Executive Director (Business Development and Exploration & Production), GAIL, and Mahesh Kolli, Group President, AM Green.
In line with the MoU, both parties envisage undertaking studies for the 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 envision jointly exploring the establishment of solar/wind hybrid renewable projects up to 2.5 GW across India. The hybrid solar/wind projects, combined with Greenko’s upcoming Pump Storage Projects, are poised to supply round-the-clock power to end users, including the proposed eMethanol project.
Speaking on the occasion, 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. The development of renewable energy projects will support reducing the carbon footprint of the country and advancing India’s transition to a greener energy landscape. The partnership between GAIL and AMG is set to augment technological innovation in India while also promoting economic growth and environmental sustainability.”
Mahesh Kolli, Group President of AM Green, remarked, “We are delighted to partner with GAIL on one of the world’s largest carbon-free, renewable energy supply contracts. This partnership demonstrates AM Green’s emerging leadership position as a global clean energy transition solutions platform while contributing to India’s ambition of emerging as an exporter of reliable, sustainable, and lowest-cost green molecules and their derivatives, accelerating industrial decarbonization globally. The production of green methanol will also help in the decarbonization of hard-to-abate sectors like shipping, steel, and cement.”
