INOXCVA has announced that it has signed a Memorandum of Understanding (MoU) with Mitsui & Co. (Asia Pacific) Pte Ltd (Mitsui) to share technical and commercial expertise for further establishing a virtual pipeline to service the growing demand for LNG in India.
The MoU entails deployment of small scale LNG infrastructure including logistics and receiving facilities at customer end and will offer LNG access to the customers not connected to the pipelines. This will help in increasing the penetration and consumption of clean, reliable and cost-efficient LNG to various users in the automotive, mining, shipping and rail industry all over the country.
The collaboration will look to capitalise on the experience of both organisations to investigate and establish small scale energy businesses and projects in mutually agreed geographic locations.
Siddharth Jain, Executive Director, INOXCVA, said: “Increasing the use of LNG in the progressive and evergreen domains of manufacturing and transport is a priority for our government, which underlines the benefits of LNG. Our partnership with Mitsui shows our innovativeness and futuristic approach along with our commitment to the country’s vision of [a] gas-based economy, which is self-reliant in all aspects, including energy. LNG is not only a clean and cost-effective fuel, but is also safe and reliable. We are delighted that our collaborated efforts with an adept partner like Mitsui will make this green fuel more accessible. A larger gas-based industrial ecosystem is a win-win situation for all stakeholders.”
Kaoru Umehara, Divisional Operating Officer, Mitsui, added: “In partnership with INOXCVA we look forward to exploring how we can play a key role in meeting India’s long-term need for cleaner energy. Together we will carry out technical, economic and environmental evaluations for supplying LNG to prospective customers and industrial clusters. We believe our combined expertise will synergise well to bring the benefits of LNG at regional and national levels, and create a sustainable manufacturing ecosystem.”
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/12042021/inoxcva-and-mitsui-team-up/