GAIL and Petron Scientech Join Forces for Green Ethylene Plant

GAIL (India) Limited and Petron Scientech Inc. have signed a Memorandum of Understanding (MoU) to explore the development of a 500 KTA bio-ethylene plant in India. This project, planned as a 50:50 joint venture between the two companies, represents a significant step towards advancing India’s bio-economy. The plant will utilize bio-ethanol as a feedstock, aligning with the country’s push towards sustainable and clean energy solutions.

The two companies will conduct comprehensive feasibility studies to assess the technical and financial viability of the project. These studies will guide the decision-making process before seeking investment approval from their respective management teams. The partnership aims to leverage both companies' expertise in bio-ethylene technology to drive innovation and economic growth in India.

Rajeev Kumar Singhal, Director of Business Development at GAIL, expressed enthusiasm for the collaboration, emphasizing GAIL’s commitment to clean energy infrastructure and sustainable development. He highlighted the strategic nature of the partnership with Petron, known for its leadership in bio-ethanol to bio-ethylene technology.

The proposed bio-ethylene plant will play a crucial role in enhancing sustainable practices within India’s industrial landscape. By focusing on renewable resources, the project aligns with global trends towards reducing carbon emissions and promoting environmental sustainability.

This collaboration between GAIL and Petron Scientech marks a pivotal moment in India's journey towards a greener economy, promising technological innovation and significant contributions to the country’s sustainable development goals.

News by Rahul Yelligetti