Indian caustic soda co GACL looking to source 100 MW of renewables
Source: Gujarat Alkalies and Chemical Limited.
Indian caustic soda producer Gujarat Alkalies & Chemicals Ltd (BOM:530001), or GACL, seeks to source some 100 MW of renewable energy for its own operations under a proposed partnership with a unit of NTPC Ltd (BOM:532555).
GACL said in a statement on Thursday that it entered into a memorandum of understanding (MoU) with NTPC Renewable Energy Ltd (NTPC-REL) to explore an “optimum mix” of solar, wind and other clean energy solutions such as energy storage.
The idea is to support GACL’s production at the Vadodara and Dahej complexes or any other facilities. Moreover, the two companies will jointly work on synthesising green chemicals like methanol and ammonia for captive use by GACL with readily-available hydrogen and carbon dioxide (CO2).
GACL is already relying on renewable energy to run its processes and currently has a total installed wind power generating capacity of 171.45 MW plus 35 MW of solar plants.