The partnership
will also focus on the long-term supply of carbon dioxide (CO2) for hybrid
renewable energy projects and eMethanol production and exploration across
India.
he two players plan to take up 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, AM Green said on Friday.
GAIL will 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, it added.
The hybrid solar and 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, the
Hyderabad-based player said.
The two players
signed a memorandum of understanding (MoU) with GAIL executive director for
business development and exploration & production Sumit Kishore and AM
Green group president Mahesh Kolli inking the pact in the presence of GAIL
director for business development Rajeev Singhal.