Granules partners with Greenko ZeroC to enable carbon-free energy and green molecule

Granules India has entered into a strategic partnership with Greenko ZeroC to collaborate for green molecule solutions and its wider applications in pharmaceuticals to build a leadership position in sustainability and circular economy initiatives and be a pioneer in the industry, according to a statement from Granules India.

The duo will develop and promote Integrated Green Pharmaceutical Zones (IGPZs) with first collaboration in Kakinada, Andhra Pradesh. Granules will build a greenfield facility based on sustainability principles for large-scale manufacturing of Key Starting Materials (KSMs), intermediates, Active Pharma Ingredients (APIs) and fermentation-based products. The facility spread across 100 acres, will be commissioned in a phase-wise manner. The estimated cost of the project will be approximately Rs 2,000 crore over five years, the statement mentioned.

It further said that Greenko ZeroC will supply carbon-free energy and enable green hydrogen, along with its various chemical derivatives. Granules envisages to utilise the energy and green hydrogen derivatives to produce value-added products such as DCDA, PAP, paracetamol, metformin, other APIs and intermediates. The collaboration allows utilisation of fungible carbon offset instruments across Granules’s global manufacturing locations. The company will also manufacture energy-intensive fermentation-based products at this facility using carbon-free energy, according to the statement.

Dr Krishna Prasad, Chairman and Managing Director, Granules, said in the statement, “The partnership with Greenko will power our sustainability journey by minimising carbon footprint and impact of our operations on the environment. Sustainability and green chemistry are key pillars of our commitment to heal the planet and people through minimising carbon footprint, adopting resource-efficient processes, and reduce waste across our value chain.”

Adding to it, Anil Kumar Chalamalasetty, CEO and Managing Director (MD), Greenko, said, “We are excited to be partnering with Granules, this innovative and pioneering partnership will propel the transformation of industrial manufacturing to be more sustainable and competitive with technologically superior and green solutions…..”