{"id":30277,"date":"2024-10-04T14:07:00","date_gmt":"2024-10-04T14:07:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4523504_AE23504_0"},"modified":"2024-10-04T14:07:00","modified_gmt":"2024-10-04T14:07:00","slug":"gail-and-am-green-signs-memorandum-of-understanding-for-jointly-developing-renewable-energy-up-to-2-5-gw-and-green-chemical-projects","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=30277","title":{"rendered":"GAIL and AM Green signs Memorandum of Understanding for Jointly Developing Renewable Energy up to 2.5 GW and Green Chemical Projects"},"content":{"rendered":"<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2490224\/4951291\/AM_GREEN_Logo.jpg?p=medium600\" border=\"0\" alt title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul type=\"disc\">\n<li><b>GAIL and AM Green will jointly explore setting up of solar\/wind hybrid renewable projects to enable supply of Renewable Energy &#8211; Round the Clock (RE-RTC)<\/b><\/li>\n<li><b>Partnership to focus on the long-term supply of carbon dioxide (CO2), and eMethanol production and exploration across <span class=\"xn-location\">India<\/span><\/b><\/li>\n<\/ul>\n<p><span class=\"xn-location\">AMSTERDAM<\/span> and <span class=\"xn-location\">NEW DELHI<\/span>, <span class=\"xn-chron\">Oct. 4, 2024<\/span> \/PRNewswire\/ &#8212;&nbsp;GAIL (<span class=\"xn-location\">India<\/span>) Limited and AM Green B.V. (AMG) have signed a Memorandum of Understanding (MoU) to explore projects aimed at advancing sustainable energy solutions in <span class=\"xn-location\">India<\/span>. The partnership focuses on the long-term supply of carbon dioxide (CO2) for hybrid renewable energy project, and eMethanol production and exploration across <span class=\"xn-location\">India<\/span>.<\/p>\n<div id=\"prni_dvprnejpg24f2left\" dir=\"ltr\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2523466\/GAIL_and_AM_Green_signs_MoU.jpg?p=medium600\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" id=\"prnejpg24f2left\" title=\"GAIL and AM Green signs Memorandum of Understanding\" src=\"https:\/\/mma.prnasia.com\/media2\/2523466\/GAIL_and_AM_Green_signs_MoU.jpg?p=medium600\" alt=\"GAIL and AM Green signs Memorandum of Understanding\" align=\"middle\" data-name=\"url$https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2523466%2FGAIL_and_AM_Green_signs_MoU.jpg;width$400;height$267\"><\/a> <br \/><span>GAIL and AM Green signs Memorandum of Understanding<\/span> <\/div>\n<p><span class=\"xn-person\">Shri Sumit Kishore<\/span>, Executive Director (Business Development and Exploration &amp; Production), GAIL and Shri Mahesh Kolli, Group President, AM Green signed the MoU in presence of <span class=\"xn-person\">Shri Rajeev Singhal<\/span>, Director (Business Development), GAIL.<\/p>\n<p>In line with the MoU, both the parties envision to jointly explore setting up of solar\/wind hybrid renewable projects up to 2.5 GW across <span class=\"xn-location\">India<\/span>. The hybrid solar\/wind projects combined with Greenko&#8217;s upcoming Pump Storage Projects are poised to supply Round the Clock power to the end users including the proposed eMethanol project.<\/p>\n<p>Both the parties envisage to undertake studies for long-term supply of around 350&nbsp;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&#8217; objectives in promoting sustainable energy solutions.<\/p>\n<p><b><span class=\"xn-person\">Mahesh Kolli<\/span>, Group President of AM Green<\/b>: &#8220;We are delighted to partner with GAIL on one of the&nbsp;world&#8217;s largest carbon-free, renewable energy supply contracts. This partnership demonstrates AM&nbsp;Green&#8217;s emerging leadership position as a global clean energy transition solutions platform while&nbsp;contributing to <span class=\"xn-location\">India&#8217;s<\/span> ambition of emerging as an exporter of reliable, sustainable and lowest cost&nbsp;green molecules and its derivatives accelerating industrial decarbonization globally. The production of&nbsp;green methanol shall also help in decarbonization of hard to abate sectors like shipping, steel, cement&nbsp;etc.&#8221;<\/p>\n<p><b><span class=\"xn-person\">Rajeev Singhal<\/span>, Director (Business Development) of GAIL: <\/b>&#8220;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. Development of renewable energy projects will support reducing carbon footprint of the country and advancing <span class=\"xn-location\">India&#8217;s<\/span> transition to a greener energy landscape. The partnership between GAIL and AMG is set to augment technological innovation in <span class=\"xn-location\">India<\/span> while also promoting economic growth and environmental sustainability.&#8221;<\/p>\n<p>AM Green&#8217;s production of the green ammonia across multiple locations in <span class=\"xn-location\">India<\/span> will accelerate its target to achieve 5 MTPA of green ammonia capacity by 2030, and its efforts to achieve net zero targets in <span class=\"xn-location\">India<\/span> as well as in OECD markets. This will be equivalent to about 1 MTPA of green hydrogen, representing a fifth of <span class=\"xn-location\">India&#8217;s<\/span> target for green hydrogen production under the country&#8217;s National Green Hydrogen Mission and 10 per cent of <span class=\"xn-location\">Europe&#8217;s<\/span> target for green hydrogen imports by 2030. AM Green will also establish large-scale bio refineries that utilize multiple feedstocks &amp; produce high-value green products enabling global decarbonization in aviation, fuels, chemicals and other industrial sectors.<\/p>\n<p><b>For further enquiries:<\/b><br \/><span class=\"xn-person\">Jyoti Kumar<\/span><br \/>Corporate Communication<br \/>GAIL (<span class=\"xn-location\">India<\/span>) Limited<br \/>T: +91 9818805711<br \/>E: <a href=\"mailto:jyotik@gail.co.in\" target=\"_blank\" rel=\"nofollow noopener\">jyotik@gail.co.in<\/a><\/p>\n<p><span class=\"xn-person\">Suheil Imtiaz<\/span><br \/>Public Affairs &amp; Strategic Communications<br \/>AM Green<br \/>M: + 91 94401 59289<br \/>E: <a href=\"mailto:suheil.m@amgreen.com\" target=\"_blank\" rel=\"nofollow noopener\">suheil.m@amgreen.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GAIL and AM Green will jointly explore setting up of solar\/wind hybrid renewable projects to enable supply of Renewable Energy &#8211; Round the Clock (RE-RTC) Partnership to focus on the long-term supply of carbon dioxide (CO2), and eMethanol production and exploration across India AMSTERDAM and NEW DELHI, Oct. 4, 2024 \/PRNewswire\/ &#8212;&nbsp;GAIL (India) Limited and [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":30278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-30277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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