Overview of Matrix Gas And Renewables Ltd.

History and Evolution: 

1. Incorporation and Name Changes: The company was originally incorporated on March 6, 2018, as Gensol Renewables Private Limited. It was later renamed Matrix Gas and Renewables Private Limited on February 4, 2022.
2. Business Shift: Initially focused on renewable energy projects, particularly in the solar industry, the company altered its main objective in December 2021 to include trading of various fuels, including natural gas, oil, and power. This shift marked its entry into the Gas Aggregation Business.
3. Proven Track Record: Successfully handled gas volumes of 100 mmscm (million standard cubic cm), delivering reliable and efficient solutions.

Business Model and Operations: 

1. Matrix Gas & Renewables Limited is now in the business of sourcing and marketing both natural gas and Re-gasified Liquefied Natural Gas (R-LNG).
2. Gas Aggregation: Matrix Gas sources natural gas on medium to long-term bases, offering solutions to Indian downstream customers. It provides flexible supply terms (weekly or fortnightly) and competitive pricing while addressing challenges in gas procurement and transportation.
3. Customer Benefits: Matrix Gas ensures competitive gas prices, flexible contract terms, secure gas supply, and ideal contract durations, and manages the complexities of gas transportation and local tax structures.

Key Clientele and Distribution: 

1. Distribution Networks: Natural gas is distributed through common carrier pipeline networks operated by companies like GAIL India Ltd., Gujarat State Petronet Ltd., GSPL India Gasnet Ltd., Pipeline Infrastructure Ltd.(PIL), and Reliance Gas Pipelines Ltd(RGPL).
2. Customer Segments: Matrix Gas’s customers include crude refineries, ceramic manufacturers, fertilizer plants, petrochemical companies, steel manufacturers, city gas grid developers, glass manufacturers, power plants, FMCG companies, and other industrial plants.
3. Market Engagement: Matrix Gas is technically qualified and empanelled with most industrial customers and city gas developers for natural gas supply. It also holds a proprietary membership with the Indian
   Gas Exchange (IGX) for sourcing natural gas on a short-term basis. It also engages in gas sale and purchase agreements for short-term natural gas procurement.

Renewable Energy Plans: 

1. Solar Power Projects: Matrix Gas & Renewables Limited partners with customers through Solar Power Generation Projects, conducting thorough analyses of land suitability, solar radiation, grid connectivity, and emerging technologies. It is also focusing on solar power projects as an Independent Power Producer (IPP). It has taken over contracts for the installation of a 5330 kWp Solar PV Power plant, with revenue generation expected to start in FY 2024-25.
2. Compressed Bio-Gas (CBG): Matrix Gas & Renewables Limited is venturing into the Compressed Bio-Gas (CBG) sector by setting up plants nationwide. They are identifying optimal locations and sustainable raw materials like Agri-residue, press mud, cow dung, Napier grass, potato peels, and municipal solid waste.
3. Advancing in Green Hydrogen: Matrix Gas & Renewables Ltd leads the clean energy transition through Green Hydrogen production. They have developed expertise to execute Engineering Procurement and Commissioning (EPC) and Build Own Operate (BOO) projects. With plans for a 2 GW hydrogen electrolyser capacity manufacturing plant, Matrix aims for cost-effective, high-quality hydrogen production. They manage the entire Green Hydrogen supply chain, including production, storage, transportation, dispensing, and Green Ammonia production.