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STRATEGIC REVIEW PARTNERSHIP

AkzoNobel to begin portfolio review with initial GAIL and AM Green to co-develop renewable

focus on Deco South Asia energy and green chemical projects

Global paints major, AkzoNobel, or joint ventures through to mergers or GAIL (India) Ltd. and AM Green bined with Greenko’s upcoming Pump “The partnership between GAIL
is conducting a strategic review of its divestments. B.V. (AMG) have signed a Memoran- Storage Projects, are poised to supply and AMG is set to augment technologi-
portfolio in order to redeploy capital dum of Understanding (MoU) to round-the-clock power to end-users cal innovation in India while also pro-
towards growing its core coatings “Our focus on enhancing our coat- explore projects aimed at advancing including the proposed e-methanol moting economic growth and environ-
businesses. ings businesses globally is underpinned sustainable energy solutions in India. project. mental sustainability,” Mr. Singal said.
by a strong portfolio of high-performing
The initial focus will be on its deco- brands and technologies. This strategic Both parties envisage undertaking Mr. Sumit Kishore, Executive AM Green’s production of the
rative paints positions in South Asia. pate in the further development of the review represents a key step towards studies for long-term supply of around Director (Business Development and green ammonia across multiple loca-
AkzoNobel has a premium, highly highly dynamic South Asian decorative focusing our portfolio on positions of 350-ktpa of CO generated by GAIL Exploration & Production), GAIL and tions in India will accelerate its target
2
profi table position in India in particular, paints market, which is ripe for con- differentiating scale in key coatings in its gas processing plants to produce Mr. Mahesh Kolli, Group President, to achieve 5-mtpa of green ammonia
with a strong track record of growth. solidation,” it said in a press statement. markets, which will help to accelerate e-methanol. GAIL shall also have an AM Green, signed the MoU in presence capacity by 2030. It will be equiva-
“Given this unique market position, The review will explore various strate- our profi table growth,” said Mr. Greg equity option to invest in the proposed of Mr. Rajeev Singhal, Director (Busi- lent to about 1-mtpa of green hydro-
the company is well-placed to partici- gic options ranging from partnerships Poux-Guillaume, CEO, AkzoNobel. e-methanol project. ness Development), GAIL. gen, representing a fi fth of India’s
target for green hydrogen production
GREENING TRAINS Both parties also envision setting “The production of green methanol under the country’s National Green
GreenH Electrolysis unveils fi rst 1-MW PEM up of solar/wind hybrid renewable shall help in decarbonization of hard to Hydrogen Mission and 10% of
projects with up to 2.5-GW of capacity abate sectors like shipping, steel, ce-
Europe’s target for green hydrogen
electrolyser across India. The hybrid projects, com- ment, etc.,” said Mr. Kolli. imports by 2030.

GreenH Electrolysis, a joint venture Partner, H2B2 Electrolysis Technolo- tive. The electrolyser will operate round Prof. G.D. Yadav joins Board of Dorf Ketal
between H2B2 Electrolysis Techno- gies; and Mr. Romen Rawat, Chief the clock producing approximately
logies and GR Promoter Group, has Project Manager/Hydrogen Trainset, 430-kg/day of hydrogen at a delivery Prof. G.D. Yadav, a distinguished Nanotechnology, and Energy Engineer- of the Indian Chemical Society, he is
unveiled its fi rst 1-MW Proton exchange Indian Railways. pressure of 40-bar (g) and purity as per engineering scientist and renowned ing have earned him over 150 national spearheading an initiative to recog-
membrane (PEM) electrolyser at its ISO 14687 suitable for fuel cell appli- academic leader, has joined the Board and international accolades. Prof. Yadav nize over 100 industrialists for their
manufacturing plant in Jhajjar, Haryana. The electrolyser will be installed at cations. The refuelling infrastructure at of Dorf Ketal Chemicals India Ltd. as an currently chairs the Green Hydrogen contributions to India’s economy.
the hydrogen production and refuelling Jind will also have 3,000-kg hydrogen Independent Director. Platform Advisory Committee under the This event is scheduled for January
The event was attended by Mr.Vinod station at Jind, Haryana, and will sup- storage, hydrogen compressor, and two Ministry of New and Renewable Energy, 17-18, 2025, in Mumbai, with a coffee
Agarwal, Chairman and Wholetime ply hydrogen to India’s fi rst hydrogen hydrogen dispensers with pre-cooler Prof. Yadav has vast experience Government of India. table book highlighting the history
Director of GR Infraprojects Ltd.; Mr. train under the prestigious Indian Rail- integration, allowing for quick refuel- on the boards of leading companies, and leadership of these companies
Anselmo Andrade, CEO & Founding ways’ ‘Hydrogen for Heritage; initia- ling of the trains. including Godrej Industries, Clean Centennial Jubilee of the Indian to be distributed among academic,
Science & Technology, Meghmani Orga- Chemical Society governmental, and industrial institu-
ORDER BOOK nics, Bhageria Industries, and Ashtec As part of the Centennial Jubilee tions.

Greenzo Energy gets hydrogen project from TN Life Sciences. He recently completed Castrol India announces change
two terms with Aarti Industries Ltd.
power company Currently, Prof. Yadav holds the pres- in Board of Directors
tigious National Science Chair of the
Greenzo Energy, a green hydrogen the 2x660 MW Ennore SEZ Supercriti- Hydrogen Mission. The project is Government of India and serves as
energy solutions provider, has secured cal Thermal Power Plant, of TANGED- scheduled to be completed within an Emeritus Professor of Eminence. Castrol India Ltd., a premier fi ve years as Chairman. Castrol India
a multi-crore hydrogen project from CO. 18 months,” Mr. Sandeep Agarwal, As the former Vice-Chancellor of the lubricant manufacturer, has announced also welcomed Ms. Satyavati Berera,
Tamil Nadu Generation and Distri- Founder and Managing Director of Institute of Chemical Technology (ICT), key leadership changes to its board as an Independent Director and Audit
bution Corporation Ltd. (TANGEDCO), “Greenzo Energy will establish Greenzo Energy, said. Mumbai, he is widely recognized for of directors. Industry veteran Mr. Committee Chairperson.
taking its total order book to a hydrogen generation plant with a his transformative impact on academia Rakesh Makhija has assumed the role of
Rs. 1,200-crore. capacity of 20 normal cubic meters The electrolysers for the project will and industry. His exceptional contribu- Chairman, succeeding Mr. R. Gopala- The appointments are subject to
of hydrogen per hour, marking a key be designed and manufactured at the tions to Green Chemistry, Chemical krishnan, who steps down after 24 approval of the company’s share-
The project will be implemented at milestone in advancing India’s Green companys facility in Sanand, Gujarat. Engineering, Catalysis, Biotechnology, years of dedicated service, including holders.

150 Chemical Weekly October 15, 2024 Chemical Weekly October 15, 2024 151

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