NTPC, Tecnimont join hands to explore green methanol production

27 Dec 2022 , 09:15 AM

NTPC, India’s largest power generation company, has signed a non-binding Memorandum of Understanding (MOU) with Tecnimont Private Limited, Indian Subsidiary of Maire Tecnimont Group, Italy. 

The objective of the MOU is to jointly evaluate and explore the possibility to develop commercial scale Green Methanol Production facility at a NTPC project in India.

The Green Methanol Project includes capturing carbon from NTPC power plants and converting it into a green fuel. Green Methanol has a wide range of applications, including serving as a base material for the chemical industry, storing renewable electricity, and even as a transportation fuel. It is also considered as a substitute fuel for maritime fuel applications.

Director (Commercial), NTPC, CK Mondol said, ‘This project along with NTPC’s under execution Pilot scale Green Methanol project aligns with NTPC’s commitment to sustainability and renewable energy and will significantly contribute to India’s energy transition.’

On Tuesday early morning trade, NTPC was trading at Rs167.45 per share higher by 1.15% on the BSE.

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