INOXCVA-Mitsui sign gas distribution MoU
A Japanese-Indian collaboration of INOX India Pvt Ltd (INOXCVA) and Mitsui & Co will help increase the supply of clean, reliable and cost-efficient Liquefied Natural Gas (LNG) to various users in the automotive, mining, shipping and rail industry all over the country.
INOXCVA, an Indian multinational and one of the world’s leading Cryogenic Liquid Storage, Distribution and Re-Gas solutions provider, has signed a Memorandum of Understanding with leading Japanese conglomerate Mitsui & Co (Asia Pacific) Pte Ltd for deployment of small scale LNG infrastructure including logistics and receiving facilities at customer-end and offer LNG access to the customers not connected to the pipelines.
The INOXCVA and Mitsui collaboration will investigate and establish small scale energy businesses and projects in mutually agreed geographic locations, making the cleaner fuel more accessible and economically viable in the Indian market.
“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,” INOXCVA Executive Director Siddharth Jain said on 12 April 2021, announcing the MoU.
“Our partnership with Mitsui, shows our innovativeness and futuristic approach along with our commitment to the country’s vision of gas-based economy, which is self-reliant in all aspects, including energy. 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,” said Jain.
“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,” Mitsui Divisional Operating Officer Kaoru Umehara said.
“We believe our combined expertise will synergize well to bring the benefits of LNG at regional and national levels, and create a sustainable manufacturing ecosystem,” Umehara added.
As a market leader, INOXCVA is known for its innovative and future-ready solutions for small scale LNG applications. Since the commissioning its first small scale LNG installation at the Halol Plant of General Motors in year 2010, INOXCVA has successfully installed more than 35 such facilities across the country.
LNG facilities are supported by INOXCVA’s own tanker fleet under its brand ‘GoLNG’ which have collectively logged more than 6.5 million km and distributed ~100,000 metric tonnes of LNG to its consumers spread all over the country propagating the use of LNG as a clean and environment-friendly source of energy. INOXCVA’s contribution in the global market for developing LNG as a fuel for Mining Trucks, Marine Engines, Rail Engines is well acknowledged.
INOXCVA is one of the largest manufacturers of Cryogenic Storage, Re-gas and Distribution Systems for LNG, Industrial Gases and Cryo-Scientific applications with operations in India, Brazil and Europe. #tenders #projects #investment #OPEC #energy #renewables /fiinews.com
