<table name="logo_release" border="0" cellspacing="10" cellpadding="5" align="right">   <tbody>    <tr>     <td><img src="https://mma.prnasia.com/media2/2490224/4951291/AM_GREEN_Logo.jpg?p=medium600" border="0" alt="" title="logo" hspace="0" vspace="0" width="118" /></td>    </tr>   </tbody>  </table>  <ul type="disc">   <li><b>GAIL and AM Green will jointly explore setting up of solar/wind hybrid renewable projects to enable supply of Renewable Energy - Round the Clock (RE-RTC)</b></li>   <li><b>Partnership to focus on the long-term supply of carbon dioxide (CO2), and eMethanol production and exploration across <span class="xn-location">India</span></b></li>  </ul>  <p><span class="xn-location">AMSTERDAM</span> and <span class="xn-location">NEW DELHI</span>, <span class="xn-chron">Oct. 4, 2024</span> /PRNewswire/ --&nbsp;GAIL (<span class="xn-location">India</span>) Limited and AM Green B.V. (AMG) have signed a Memorandum of Understanding (MoU) to explore projects aimed at advancing sustainable energy solutions in <span class="xn-location">India</span>. The partnership focuses on the long-term supply of carbon dioxide (CO2) for hybrid renewable energy project, and eMethanol production and exploration across <span class="xn-location">India</span>.</p>  <div id="prni_dvprnejpg24f2left" dir="ltr" style="TEXT-ALIGN: center; WIDTH: 100%">   <a href="https://mma.prnasia.com/media2/2523466/GAIL_and_AM_Green_signs_MoU.jpg?p=medium600" target="_blank"><img id="prnejpg24f2left" title="GAIL and AM Green signs Memorandum of Understanding" src="https://mma.prnasia.com/media2/2523466/GAIL_and_AM_Green_signs_MoU.jpg?p=medium600" alt="GAIL and AM Green signs Memorandum of Understanding" align="middle" data-name="url$https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2523466%2FGAIL_and_AM_Green_signs_MoU.jpg;width$400;height$267" /></a>   <br />   <span>GAIL and AM Green signs Memorandum of Understanding</span>  </div>  <p><span class="xn-person">Shri Sumit Kishore</span>, Executive Director (Business Development and Exploration &amp; Production), GAIL and Shri Mahesh Kolli, Group President, AM Green signed the MoU in presence of <span class="xn-person">Shri Rajeev Singhal</span>, Director (Business Development), GAIL.</p>  <p>In line with the MoU, both the parties envision to jointly explore setting up of solar/wind hybrid renewable projects up to 2.5 GW across <span class="xn-location">India</span>. The hybrid solar/wind projects combined with Greenko's upcoming Pump Storage Projects are poised to supply Round the Clock power to the end users including the proposed eMethanol project.</p>  <p>Both the parties envisage to undertake studies for long-term supply of around 350&nbsp;KTA CO2 generated by GAIL in its gas processing plants to produce eMethanol, an environmentally friendly fuel that can reduce carbon emissions and promote a circular economy. GAIL shall also have an equity option to invest in the proposed eMethanol project, ensuring a strategic partnership that supports both companies' objectives in promoting sustainable energy solutions.</p>  <p><b><span class="xn-person">Mahesh Kolli</span>, Group President of AM Green</b>: &quot;We are delighted to partner with GAIL on one of the&nbsp;world's largest carbon-free, renewable energy supply contracts. This partnership demonstrates AM&nbsp;Green's emerging leadership position as a global clean energy transition solutions platform while&nbsp;contributing to <span class="xn-location">India's</span> ambition of emerging as an exporter of reliable, sustainable and lowest cost&nbsp;green molecules and its derivatives accelerating industrial decarbonization globally. The production of&nbsp;green methanol shall also help in decarbonization of hard to abate sectors like shipping, steel, cement&nbsp;etc.&quot;</p>  <p><b><span class="xn-person">Rajeev Singhal</span>, Director (Business Development) of GAIL: </b>&quot;The signing of this MoU with AM Green underscores our commitment to pioneering sustainable energy solutions. By facilitating the supply of CO2 for eMethanol production, we are taking a proactive approach to reduce carbon emissions and support alternative fuel development. Development of renewable energy projects will support reducing carbon footprint of the country and advancing <span class="xn-location">India's</span> transition to a greener energy landscape. The partnership between GAIL and AMG is set to augment technological innovation in <span class="xn-location">India</span> while also promoting economic growth and environmental sustainability.&quot;</p>  <p>AM Green's production of the green ammonia across multiple locations in <span class="xn-location">India</span> will accelerate its target to achieve 5 MTPA of green ammonia capacity by 2030, and its efforts to achieve net zero targets in <span class="xn-location">India</span> as well as in OECD markets. This will be equivalent to about 1 MTPA of green hydrogen, representing a fifth of <span class="xn-location">India's</span> target for green hydrogen production under the country's National Green Hydrogen Mission and 10 per cent of <span class="xn-location">Europe's</span> target for green hydrogen imports by 2030. AM Green will also establish large-scale bio refineries that utilize multiple feedstocks &amp; produce high-value green products enabling global decarbonization in aviation, fuels, chemicals and other industrial sectors.</p>  <p><b>For further enquiries:</b><br /><span class="xn-person">Jyoti Kumar</span><br />Corporate Communication<br />GAIL (<span class="xn-location">India</span>) Limited<br />T: +91 9818805711<br />E: <a href="mailto:jyotik@gail.co.in" target="_blank" rel="nofollow">jyotik@gail.co.in</a></p>  <p><span class="xn-person">Suheil Imtiaz</span><br />Public Affairs &amp; Strategic Communications<br />AM Green<br />M: + 91 94401 59289<br />E: <a href="mailto:suheil.m@amgreen.com" target="_blank" rel="nofollow">suheil.m@amgreen.com</a></p>  <p>&nbsp;</p>