GAIL & Petron Signed MoU to Explore Setting Up a Bio-Ethylene Plant in India

Current Context: On August 22, 2024, GAIL (India) Limited and Petron Scientech Inc. signed a Memorandum of Understanding (MoU) in New Delhi to explore the establishment of a bio-ethylene plant in India.

• This collaboration aims to leverage advanced bio-technology to produce bio-ethylene, a sustainable alternative to conventional ethylene derived from fossil fuels.
• The project is expected to contribute significantly to India’s green energy initiatives and reduce the carbon footprint of the chemical industry.
• Both companies will work together on feasibility studies, technology assessments, and potential site selection for the plant.

Question:

1 What is the primary objective of the MoU signed between GAIL (India) Limited and Petron Scientech Inc. on August 22, 2024?

• A) To explore the establishment of a bio-ethylene plant in India
• B) To develop a new type of fossil fuel
• C) To create a joint venture for natural gas distribution
• D) To set up a petrochemical plant in the United States

Answer: A) The MoU aims to explore the establishment of a bio-ethylene plant in India, leveraging advanced bio-technology to produce bio-ethylene, a sustainable alternative to conventional ethylene derived from fossil fuels.