Question
Which Public Sector Undertaking (PSU) has signed a
Memorandum of Understanding (MoU) with USbased Petron Scientech to explore a joint venture for setting up a bio-ethylene plant in India? (August 2024)Solution
GAIL (India) Limited has signed a Memorandum of Understanding (MoU) with US-based Petron Scientech to explore a joint venture for setting up a bio-ethylene plant in India. 45 • Project Details: The proposed plant will have a capacity of 500 Kilo Tonne per Annum (KTA) of bio-ethylene. • Collaboration Objective: GAIL and Petron will conduct feasibility studies to assess the technical and financial viability of the project. • Petron Expertise: Petron specializes in setting up biomass and grain processing biorefineries for the production of bioethanol, bio-ethylene, and bio-chemicals. • Global Leader: Petron commands a 90% share of the global bio-ethylene technology market.
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