GAIL (India) Limited and AM Green B.V. have officially entered into a Memorandum of Understanding (MoU) to jointly develop renewable energy projects and green chemical initiatives across India. This collaboration marks a significant step towards enhancing sustainable energy solutions within the country, focusing on the long-term supply of carbon dioxide (CO2) for hybrid renewable energy projects and eMethanol production.
The MoU was signed by Shri Sumit Kishore, Executive Director (Business Development and Exploration & Production) at GAIL, and Shri Mahesh Kolli, Group President of AM Green, in the presence of Shri Rajeev Singhal, Director (Business Development) at GAIL.
Joint Renewable Energy Development
Under the terms of the MoU, GAIL and AM Green plan to collaboratively explore the establishment of solar and wind hybrid renewable projects with a capacity of up to 2.5 GW across India. These hybrid projects, in conjunction with Greenko’s forthcoming Pump Storage Projects, are expected to provide round-the-clock power supply to end-users, including the anticipated eMethanol initiative.
In addition, the agreement outlines the intention to conduct studies for the long-term supply of approximately 350 KTA of CO2 generated by GAIL’s gas processing plants. This CO2 will be utilized for the production of eMethanol, a sustainable fuel that aims to lower carbon emissions and facilitate a circular economy. Furthermore, GAIL will have the option to invest in the eMethanol project, reinforcing a strategic partnership that aligns with both companies’ goals of promoting sustainable energy.
Commitment to Sustainable Energy
Mahesh Kolli, Group President of AM Green, shared his excitement about the partnership, stating: Rajeev Singhal, Director (Business Development) of GAIL, highlighted the importance of the agreement, stating: This MoU with AM Green underscores our commitment to driving innovative and sustainable energy solutions. We are excited to collaborate with GAIL on a major global contract for carbon-free renewable energy supply. This partnership highlights AM Green’s growing leadership in providing global clean energy transition solutions while supporting India’s aspirations to become a leading exporter of reliable, sustainable green molecules and their derivatives, thereby accelerating industrial decarbonization on a global scale. The production of green methanol will also significantly contribute to the decarbonization of challenging sectors such as shipping, steel, and cement.”
Rajeev Singhal, Director (Business Development) of GAIL, emphasized the significance of the MoU: “Signing this MoU with AM Green showcases our dedication to pioneering sustainable energy solutions. By ensuring the supply of CO2 for eMethanol production, we are proactively addressing carbon emissions and fostering the development of alternative fuels. The advancement of renewable energy projects will aid in reducing the country’s carbon footprint and facilitate India’s transition towards a greener energy future. The collaboration between GAIL and AM Green is poised to enhance technological innovation in India while simultaneously promoting economic growth and environmental sustainability.”
Future Aspirations
AM Green’s commitment to producing green ammonia across various sites in India is set to accelerate its goal of achieving 5 MTPA of green ammonia capacity by 2030. This effort aligns with the objective of attaining net-zero targets in India and in OECD markets. The production will yield about 1 MTPA of green hydrogen, representing a fifth of India’s target for green hydrogen production under the National Green Hydrogen Mission, as well as 10% of Europe’s target for green hydrogen imports by 2030. Additionally, AM Green plans to develop large-scale biorefineries that utilize diverse feedstocks to produce high-value green products, thereby facilitating global decarbonization in the aviation, fuels, chemicals, and other industrial sectors.
