Granules, Greenko ZeroC join hands to enable Green Molecule Solutions

HYDERABAD: Granules India Limited entered in to a strategic partnership with Greenko ZeroC here, on Tuesday. The two companies join hands for 'Green Molecule Solutions' and its wider applications in pharmaceuticals to build leadership position in sustainability and circular economy initiatives and be a pioneer in the industry.

Granules & Greenko ZeroC will develop and promote state-of-the-art Integrated Green Pharmaceutical Zones (GPZ) with first collaboration being in Kakinada, Andhra Pradesh. Granules will build a green field facility based on sustainability principles for large scale manufacturing of key starting materials (KSMs), Intermediates, APIs and fermentation-based products. The facility spread across 100 acres, will be commissioned in a phased manner. The estimated cost of the project will be approximately Rs. 2,000 Crore over five years.

While Greenko ZeroC will supply Carbon Free Energy and enable Green Hydrogen along with its various chemical derivatives, Granules envisages to utilize Carbon Free Energy and Green Hydrogen derivatives to produce value added products such as DCDA, PAP, Paracetamol, Metformin, other APIs and Intermediates. Granules will also manufacture energy intensive fermentation-based products at the Kakinada facility using Carbon Free Energy. This collaboration allows utilization of Fungible Carbon Offset instruments across Granules global manufacturing locations.

Granules Chairman and Managing Director Dr. Krishna Prasad said, “The partnership with Greenko will power our sustainability journey by minimizing 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 minimizing carbon footprint, adopting resource efficient processes, and reduce waste across our value chain”

CEO and Managing Director of Greenko, Anil Kumar Chalamalasetty 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. We believe that we can herald this change in the Global Industrial landscape and this partnership with Granules is enabling such solutions in pharmaceutical industry.”