GAIL To Set Up 26 Bio CNG Plants In JV Partnership

Earlier, in February, Gail announced plans to import ethane from ethane-surplus countries to be transported through its pipeline systems to demand centres.

GAIL To Set Up 26 Bio CNG Plants In JV Partnership

State-owned GAIL (India) Ltd. plans to set up around 26 Bio CNG plants over the next two to three years, both as producers as well as joint venture partners with raw material suppliers or biogas producers.

The company has issued an Expression of Interest across India, for companies qualifying with certain parameters to form joint ventures for raw materials such as paddy straw, municipal solid waste and sugarcane press muds. The company alongwith joint venture partners is likely to invest up to Rs 1,300 crore, including equity contributions of 30%.

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Earlier, in February, Gail announced plans to import ethane from ethane-surplus countries to be transported through its pipeline systems to demand centres.

This March, the company signed a tripartite memorandum of understanding (MoU) with Oil and Natural Gas Corporation (ONGC) and Shell Energy India to explore opportunities for importing ethane and other hydrocarbons and developing evacuation infrastructure at Shell Energy Terminal, Hazira.

 

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The gas supplier authority also plans to invest up to Rs 50,000 crore to establish a 1.5 million tonnes per annum (MTPA) ethane cracking unit at Sehore, Madhya Pradesh. This investment marks one of the most significant capital expenditures by the state-run gas utility to date. The new facility aims to meet the robust domestic demand for petrochemicals, which is projected to nearly triple to $1 trillion by 2040.

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