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    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)
    A ONGC Correct Answer Incorrect Answer
    B Indian Oil Corporation Correct Answer Incorrect Answer
    C GAIL Correct Answer Incorrect Answer
    D NTPC Correct Answer Incorrect Answer
    E Bharat Petroleum Corporation Limited Correct Answer Incorrect Answer

    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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