GAIL and Petron signed MoU for exploring setting up a bio-ethylene plant in India.
GAIL (India) Limited and Petron Scientech Inc (Petron) have inked a non-binding Memorandum of Understanding (MoU) today to jointly explore setting up of a 500 Kilo Tons per Annum (KTA) bio-ethylene plant along with its downstream unit(s) in India, based on bio-ethanol produced in the plant in a 50:50 Joint Venture (JV) mode. Shri Sumit Kishore, Executive Director (Business Development and Exploration & Production), GAIL and Shri Yogi Sarin, CEO, Petron signed the MoU in presence of...