Page 143 - CW E-Magazine (20-2-2024)

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BUSINESS STRATEGY GOVT. SUPPORT
Gail in talks to acquire assets abroad L&T, Matrix chosen for green hydrogen scheme

State-run GAIL is in talks with May 2022, for around a year on high after Jindal India pulls out
several entities to acquire stakes in spot prices. Gazprom’s former subsi-
gas-producing assets abroad amid diary, Gazprom Marketing and Trad- L&T Electrolysers Ltd. and Matrix Jindal India backed out of the scheme Energy (MNRE) and is managed by
India’s efforts to achieve energy security, ing Singapore (GMTS), had signed an Gas and Renewables Ltd. have been after disagreements with its overseas Solar Energy Corporation of India (SECI).
according to its Chairman & Managing agreement with GAIL to supply 2.5- awarded subsidies under the government’s technology partner, the report said. Jindal India had applied for incentives
Director, Mr. Sandeep Kumar Gupta. mtpa of LNG for 20 years, starting in green hydrogen promotion scheme fol- to set up 300-MW of annual electrolyser
2018-19. lowing a last-minute withdrawal by Jindal L&T Electrolysers has been awarded manufacturing capacity and was granted
The company is interested in assets India Ltd., a BC Jindal Group company, maximum incentives of Rs. 444-crore a maximum subsidy of Rs. 444-crore.
that are already producing and on the gas joint venture in Eagle Ford Basin, Speaking on the supplies from according to a report in Mint. to set up 300-MW of annual electrolyser It was one of eight companies chosen
verge of producing, given an attractive Texas, US. Gazprom under the long-term term con- manufacturing capacity. The company by the government in January, out of 21
proposition, Mr. Gupta said in an inter- tract, Mr. Gupta said, “That supply has The incentives are part of the had earlier won a lower allocation of applicants, to set up electrolyser manu-
view with Mint newspaper. The company is part of a consor- been fully restored. We are getting full Rs. 17,490-crore Strategic Interventions 63-MW against its application of 300-MW. facturing units in India as part of the
tium in two offshore exploration and cargoes...supplies under that contract for Green Hydrogen Transition (SIGHT) L&T received the higher allocation fol- fi rst tranche of the scheme. The other
“We always keep looking out for production blocks in Myanmar. These are progressing well.” scheme, which grants subsidies to com- lowing the withdrawal of Jindal India. companies are: Reliance Electrolyser
possibilities world over and if there are blocks produce around 15.33-million panies for setting up electrolyser manu- Matrix has been awarded incentives of Manufacturing Ltd., Ohmium Opera-
assets, especially if there are produc- metric standard cubic metres per day The CMD also said discussions facturing plants in India. The scheme Rs. 93-crore to set up 63-MW of annual tions, John Cockerill Greenko Hydrogen
ing assets available or near producing (mmscmd) of gas, which is supplied are underway with some neighbour- is aimed at promoting domestic pro- electrolyser manufacturing capacity. Solutions, Adani New Industries Ltd.,
assets available, we will be more than to China through South East Asia Gas ing countries to import on their behalf duction of green hydrogen and electro- Homihydrogen Private Ltd., and Advait
interested to have our stakes in those Pipeline Company Ltd., in which GAIL to help them meet their demand. Cur- lysers, and is part of the government’s The scheme falls under the purview Infratech Ltd. The second tranche of the
assets. Several discussions are also is also an equity partner, according to rently, the company has an LNG port- National Green Hydrogen Mission. of the Ministry of New and Renewable scheme is being prepared.
going on,” he said. its annual report for FY23. folio of around 14-mtpa sourced from
the US, Qatar, Australia, and Russia, ELECTRIC MOBILITY
GAIL, which already holds stakes The development comes at a time among others. It recently signed con- Gujarat Fluorochemicals’ EV arm to invest
in 10 exploration and production when the energy market has witnessed tracts for additional 1.5-mtpa supplies
blocks in the country, has participating massive volatility in the past two years including a contract of 1-mtpa with Rs. 6,000-crore over next 4-5 years
interest in two blocks – A1 and A3 – with a Gazprom arm reneging on its Vitol Asia and 0.5-mtpa with ADNOC
in Myanmar and 20% stake in a shale contracted supplies to GAIL starting Gas starting 2026. GFCL EV Products Ltd., a 100% said. Mr. Vivek Jain, Chairman of the Lithium-ion Battery (LiB) value, posi-
subsidiary of INOXGFL group fi rm, INOXGFL Group, said, “The signifi - tioning the company as one of the few
SUSTAINABILITY INITIATIVE Gujarat Fluorochemicals Ltd. (GFL), cant investment in the EV/ESS battery globally offering a comprehensive range
Aether Industries to commission 15-MW solar power has announced plans to invest chemicals supply chain underscores of products for EV batteries under one
our dedication to driving innovation in roof, the company informed.
Rs. 6,000-crore for EV battery solu-
plant in Gujarat tions over the next 4-5 years. the electric mobility sector and energy
transition.” GFCL EV’s current product “It may also be noted that this com-
Aether Industries Ltd., a leading in adopting cleaner chemistries and A portion of this investment is ear- lineup comprises electrolyte salts like missioning and commercial production
manufacturer of specialty and fine cutting-edge reaction technologies to marked for development in Dahej, South LiPF6, additives, electrolyte formula- before 31st March 2024 also makes
chemicals, has announced the setting reduce harmful impact on the environ- Gujarat. This initiative aims to facili- tions, cathode active materials such as GFCLEV entitled for concessional 15% in-
up of a 15-MW solar power project ment. The triple stage Multiple Effect tate the annual supply of approximately LFP, and cathode binders like PVDF come tax slab,” the company said in the
(auto-tracker modules). The company Evaporator (MEE) technology and the 200-GWh of electric vehicle (EV) and and PTFE, along with specialised offer- fi ling. “With GFCL EV, we are well-
has placed the order for the plant with 100-klpd (kilolitres per day) Zero Liq- Energy Storage System (ESS) battery ings of NaPF6 for sodium-ion batteries. positioned to contribute signifi cantly to
KPIG Energia Pvt. Ltd., a wholly-owned The solar power farm will be in uid Discharge (ZLD) plant allow for solutions, GFL said in a regulatory the evolving landscape of energy tran-
subsidiary of KPI Green Energy Ltd. Gujarat’s Bharuch District and spread responsible liquid waste management. fi ling. As of December 31, 2023, GFCL On the operational front, GFCL EV’s sition driven by EV/ESS. Backed by
across 60-acres. Phase-wise commis- Resource conservation is also aided by EV has already invested Rs. 650-crore commercial plant for the LiPF6 project GFL’s experience and an integrated value
Aether Industries had commis- sioning is set to begin in the next fi nan- a Mechanical Vapour Recompression of the proposed Rs. 6,000-crore invest- has commenced commercial production, chain, GFCL EV will have synergistic
sioned a 16-MW solar power project cial year. (MVR) plant and Agitated Thin Film ment. It is poised to enter high-demand with a validation process underway prior and competitive advantages towards
(fi xed modules) in July 2022 and this Evaporator (ATFE) technology, which regions of the US, Europe, and India to sale. Additionally, the LFP project is developing cutting-edge solutions,”
new solar power plant will add to its re- In addition to the solar power plant, prioritise energy effi ciency and accu- and has already initiated long term projected to be operational by the third said Mr. Bir Kapoor, CEO and Deputy
newable energy usage. Aether Industries leads the industry rate separation operations. tie-ups with customers, the company quarter of CY24, catering to 30% of the Managing Director, GFL.

142 Chemical Weekly February 20, 2024 Chemical Weekly February 20, 2024 143

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