NamasteInvestIndia
JV for bio-ethylene plant:
Partnership: GAIL (India) Limited and US-based PetronScientech Inc. have signed a non-binding Memorandum of Understanding (MoU).
Objective: They aim to explore the establishment of a 500 Kilo Tons per Annum (KTA) bio-ethylene plant in India.
BioEthanol Basis: The plant will be based on bioethanol produced within the project.
JointVenture: The project will be undertaken as a 50:50 joint venture between the two companies.
Feasibility Studies: GAIL and Petron will collaborate on feasibility studies to assess technical viability and financial prospects.
Sustainable Development: This initiative contributes to India’s bio-economy and sustainable development.
This joint effort represents a significant step toward enhancing sustainable practices and advancing the bio-economy in India.
https://lnkd.in/eHpXWJAg
Originally published on LinkedIn on 2024-08-23 16:14:02: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7232782146145320960
