Which Public Sector Undertaking (PSU) has signed a Memorandum of Understanding (MoU) with US-based Petron Scientech to explore a joint venture for setting up a bio-ethylene plant in India? (August 2024)

Correct option is C

GAIL (India) Limited has signed a Memorandum of Understanding (MoU) with US-based Petron Scientech to explore a joint venture for setting up a bio-ethylene plant in India.
· Project Details: The proposed plant will have a capacity of 500 Kilo Tonne per Annum (KTA) of bio-ethylene.
· Collaboration Objective: GAIL and Petron will conduct feasibility studies to assess the technical and financial viability of the project.
· Petron Expertise: Petron specializes in setting up biomass and grain processing biorefineries for the production of bioethanol, bio-ethylene, and bio-chemicals.
· Global Leader: Petron commands a 90% share of the global bio-ethylene technology market.