https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

GAIL and Petron Sign MoU to Explore Setting Up Bio-Ethylene Plant in India

The companies aim to secure investment approval from their respective managements and move forward with the formation of a JV company.
Indian Masterminds Stories

GAIL (India) Limited has announced the signing of a Memorandum of Understanding (MoU) with Petron Scientech Inc. (Petron) to jointly explore the establishment of a 500 kilo-tons per annum (KTA) bio-ethylene plant in India. This plant, which will operate in a 50:50 Joint Venture (JV) mode, will be based on bio-ethanol produced at the facility.

The MoU was signed on August 21 by GAIL’s Executive Director of Business Development and Exploration & Production, Sumit Kishore, and Petron’s CEO, Yogi Sarin, in the presence of GAIL’s Director of Business Development, Rajeev Kumar Singhal.

As per the agreement, GAIL and Petron will conduct feasibility studies to evaluate the technical viability and financial prospects of the project. The companies aim to secure investment approval from their respective managements and move forward with the formation of a JV company.

Commenting on the partnership, Rajeev Kumar Singhal stated, “GAIL is committed to India’s clean energy infrastructure and sustainable development. This strategic relationship with Petron, a leader in bio-ethanol to bio-ethylene technology, represents a significant step towards advancing the bio-economy in India. Together, we will create synergies that foster technological advancements, economic growth, and environmental sustainability.”

This collaboration underscores GAIL’s commitment to sustainable practices and marks a crucial step in enhancing India’s bio-economy and clean energy goals.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
ministry of rural
Two Women Officers Appointed as Deputy Secretaries in Rural Development Ministry to Boost Policy Reforms-Know more about them
RBI
Govt Clarifies Rs 500 Notes Here to Stay; RBI Focuses on Rs 100 & Rs 200 Availability
ministry of rural development
2013-Batch IPoS Officer Moona Yasmin Appointed as Deputy Secretary in Department of Rural Development
PSU Banks
India Ratings Flags Profit Dip for Banks in FY26 Despite Strong Credit Growth
Kartavya-Bhavan
PM Modi to Inaugurate Kartavya Bhavan, Ushering New Era of Efficient Governance
Chhattisgarh Forest Department
Chhattisgarh: Forest Dept Recommends Approval for Controversial Coal Mining Project in Hasdeo Arand, Over 4.5 Lakh Trees at Risk
ACC-Resized
ACC Approves 33 Technical Members for GST Appellate Tribunal; Senior IRS & IAS Officers Take Key Roles - Details Inside
all-women IFS leadership India
Historic All-Women IFS Leadership Meets Environment Secretary to Chart Future of Forest Protection
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Aditya Singh
How IAS Officer Aditya Singh is Redefining Governance in Madhya Pradesh | Video Interview 
IAS Karn Satyarthi
How IAS Karn Satyarthi Transformed Gumla Through Empathy and Innovation
Ananth Rupanagudi IRAS
IRAS Ananth Rupanagudi’s Take on Corruption, Reform, and Duty
ADVERTISEMENT
UPSC Stories
BPSC Bihar police
From Lantern Light to Police Uniform: How Praveen Kumar from a Small Bihar Village Cracked BPSC to Become SDPO
From a lantern-lit village in Bihar to becoming an SDPO, Praveen Kumar's journey is a testament to resilience,...
IAS Priyansha Garg
Why Mindset Matters: IAS Priyansha Garg’s Mental Health Mantra for UPSC
After two failed prelims, Priyansha Garg cracked UPSC with AIR 31 in her fourth attempt, proving how...
Ashish Akshat
From Setback to State Topper: How Ashish Akshat Topped JPSC While Working Full-Time
Ashish Akshat from Dhanbad topped JPSC 2023, proving that resilience, discipline, and family support...
Social Media
Mudumalai Tiger Reserve
Mudumalai Tiger Reserve: From India’s First Sanctuary to a Tiger Conservation Success Story | International Tiger Day Special
IAS Supriya Sahu Hails Mudumalai's Role in Tiger Conservation on Tiger Day. Declared in 1940, Now Among...
Mangroves
Mangroves: Nature’s Shield Against Disasters, Says Officer Parveen Kaswan on Mangroves Day - Watch His Post Here
Mangroves, with their dense, interlaced root systems, form a mesh-like structure that serves as a buffer...
Retired IPS Inderjit Singh Sidhu
Purpose Doesn’t Retire: How 88-Year-Old Retired DIG Becomes Chandigarh’s ‘Quiet Warrior’ of Cleanliness
Inderjit Singh Sidhu’s Dawn Patrol Earns Applause, Mahindra’s Praise for a Man Who Chose Action Over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
ministry of rural
Two Women Officers Appointed as Deputy Secretaries in Rural Development Ministry to Boost Policy Reforms-Know more about them
RBI
Govt Clarifies Rs 500 Notes Here to Stay; RBI Focuses on Rs 100 & Rs 200 Availability
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Aditya Singh
IAS Karn Satyarthi
Ananth Rupanagudi IRAS
ADVERTISEMENT
ADVERTISEMENT