Keppel partners AM Green

Keppel partners AM Green

SINGAPORE and DUBAI, UAE/PRNewswire/ -- Keppel Corporation Limited (Keppel), through its Infrastructure Division, and AM Green, which is wholly owned and controlled by the founders of Hyderabad-based Greenko Group, have signed a Memorandum of Understanding (MOU) to jointly explore opportunities to produce biogenic carbon-based sustainable fuels, such as bio and green methanol, second-generation (2G) ethanol and sustainable aviation fuel (SAF).

The MOU was signed against the backdrop of COP 28 in Dubai. The two parties will jointly identify, evaluate and co-develop projects in Southeast Asia and the Middle East, which can harness and aggregate at least one million tonnes of biogenic carbon dioxide (CO2) per year to be used for the production of sustainable fuels in AM Green's plants. These sustainable fuels can serve as an environmentally sustainable alternative to fossil fuels to support the decarbonisation of heavy industrial operations and the aviation sector.

In addition, Keppel and Greenko will also identify areas for collaboration in the value chain of a bio-methanol project in India. The project aims to produce 500,000 tonnes of bio-methanol annually.

Biofuels, which are derived from organic material such as plant and animal biomass, make up the largest source of renewable energy in use globally, accounting for 55% of