Hyderabad-based pharmaceutical manufacturer Granules India has entered into a strategic partnership with Greenko Group to develop the first of its kind Integrated Green Pharmaceutical Zone (GPZ) in Kakinada, Andhra Pradesh.
The company said in a statement on Tuesday that, through a strategic partnership with Geenko ZeroC, it will collaborate on Green Molecule Solutions and its wider applications in the pharmaceutical industry and aim to achieve a leadership position in sustainable development and circular economy initiatives. and be a pioneer in this field.
This is significant because the pharmaceutical industry typically uses chemicals associated with high carbon emissions, and bulk drug manufacturers are considered a polluting industry.
As part of the partnership, Granules and Greenko ZeroC will develop and promote a state-of-the-art Integrated Green Pharmaceutical Zone (GPZ) in Kakinada, Andhra Pradesh.
“Raket is building a greenfield facility based on sustainable principles for the large-scale production of key raw materials (KSM), intermediates, APIs, and fermentation-based products. The facility, located on an area of 100 hectares, will be commissioned in phases. The estimated cost of the project is approximately Rs 2,000 crore over five years, the statement said.
The pellets use carbon-free energy and green hydrogen derivatives supplied by Greenko ZeroC, which are used to make KSM for diabetes drugs, paracetamol, etc. Granules is one of the largest producers of paracetamol and metformin molecules in the world.
Greenko Zero C is a defunct subsidiary of parent company Greenko Energy Holdings (GEH), established for various green hydrogen and energy transition projects. The collaboration will enable the introduction of replaceable carbon dioxide offset tools at Granulite’s global production sites, the company announced.
Greenko ZeroC provides carbon-free energy and enables green hydrogen and its various chemical derivatives, the company said in a press release. At this plant, Granulid also manufactures energy-intensive fermentation-based carbon-free energy products.
“Partnering with Greenko furthers our sustainability journey by minimizing our carbon footprint and the environmental impact of our operations,” said Krishna Prasad, President and CEO of Grains. He added that sustainability and green chemistry help minimize the carbon footprint and reduce waste throughout the value chain.
“This pioneering and innovative partnership will help make industrial production more sustainable and competitive with technologically superior and green solutions,” said Anil Kumar Chalamalasetty, CEO and MD, Greenko.
Greenko Group, India’s leading energy transport company, has 7.5 GW of solar, wind, and hydroelectric installed capacity across 100 projects in 15 states, delivering 20 billion units of renewable energy annually, accounting for 1.5–2 percent of the country’s energy and total power consumption.