Adani, European major Snam tie up to explore shift to biogas, biomethane

The two firms will form JV for setting up a CNG compressor making unit in India

Gautam Adani-led Adani Group announced on Friday that it has entered into a strategic collaboration with Italy-based Snam, Europe’s leading gas infrastructure company, to explore the hydrogen value chain in India and global markets, as well as the development of biogas, biomethane, and low-carbon mobility.

The collaboration was part of the virtual summit between Indian Prime Minister, Narendra Modi and Italian Prime Minister, Giuseppe Conte held on Friday. Further, a non-binding agreement has been signed between Snam and Adani Gas [a joint venture company of Adani Group and Total of France (formerly known as Total SA)] to create a joint venture