State-owned Gail (India) Ltd and AM Green Group, backed by the founders of Greenko Group, have signed a partnership to develop clean energy projects, including supplying 350 kilotonnes per annum (KTPA) of carbon dioxide for production of e-methanol. .
The agreement, which also includes hybrid renewable energy projects, marks a significant step in advancing India’s green energy transition and decarbonization efforts, the companies announced in a joint statement.
E-methanol, also known as green methanol, is a sustainable fuel produced by combining green hydrogen from renewable sources with captured carbon dioxide. This fuel plays a key role in reducing carbon emissions, especially in hard-to-reduce sectors such as shipping, steel and cement. The partnership underscores both companies’ commitment to promoting cleaner energy alternatives.
Sumit Kishore, CEO (Business Development, Exploration and Production) of Gail, and Mahesh Kolli, Group President of I am greensigned the agreement.
Expansion of renewable capacity
In addition to e-methanol production, companies are exploring solar and renewable hybrid wind projects of up to 2.5 gigawatts (GW) across India. These projects, combined with greenkoUpcoming pumped storage projects will provide 24-hour power, including proposed e-methanol facilities.
As part of the agreement, Gail will supply around 350 KTPA of carbon dioxide generated at its gas processing plants. This carbon will be used to produce e-methanol, further boosting the circular economy. Gail also has an equity option in the e-methanol project, ensuring a deeper strategic partnership aimed at advancing sustainable energy solutions.
“We are delighted to partner with GAIL on one of the world’s largest carbon-free and renewable energy supply contracts,” Kolli said, adding that the partnership reinforces AM Green’s leadership in clean energy solutions and supports the goal of India to become a global exporter of sustainable energy. green molecules.
“By facilitating the supply of carbon dioxide for the production of e-methanol, we are taking a proactive approach to reduce carbon emissions and support the development of alternative fuels. The development of renewable energy projects will support the reduction of the country’s carbon footprint and promote India’s transition towards a greener energy landscape,” Rajeev Singhal, Director (Business Development) at Gail, was quoted as saying in the statement.
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