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1. Which company has signed an MoU with GAIL to explore a bioethylene plant in India?
Gas Authority Of India Ltd (GAIL) and Petron Scientech Inc. have signed a Memorandum of Understanding (MoU) to explore the development of a 500 KTA bio-ethylene plant and associated downstream units in India. The agreement includes conducting joint feasibility studies to assess both technical and financial aspects of the project. The goal is to form a 50:50 joint venture based on the outcomes of these studies, which will help in seeking investment approvals and progressing with the project.