Reliance Industries (RIL) might collaborate with leading global players over fuel cells, carbon capture and storage, and green ammonia as part of its gigantic plans for renewables.
Morgan Stanley Asia Pacific Insight, which tracks the group’s foray into renewables, has identified Canada-based Ballard Power as one of its potential collaborators in fuels cells, Saudi Aramco for green ammonia and Siemens Green Energies for carbon capture and storage. It had also identified Norway-based REC as a potential partner in solar energy, for which an announcement has been made by RIL over its 100 per cent acquisition a few days ago.
RIL acquired the REC group, which manufactures both solar grade polysilicon and PV cells and modules, to have access to the whole value chain.
A Reliance spokesperson declined to comment on these developments. None of the foreign companies mentioned earlier responded to queries on e-mail.
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