NTPC Signs MoU With Tecnimont for Exploring Green Methanol Production in India

India has been quite active in terms of incorporating green and sustainable measures to protect and save the world from the harmful effects of global warming as well as to reduce the carbon footprint. There have been several projects in the past that have been applauded globally for their intent and impact. And this one is no exception.

Considered a substitute material for maritime fuel applications, green methane is one of the measures being talked about all across the world. With big companies coming together to explore the opportunities to produce and use it, it is widely being recognised as a material substitute to reduce the deleterious effects. In such a scenario, how could India be left behind?

NTPC, the largest power generation company in India, has recently inked a non-binding MOU with Italy-based Tecnimont Private Limited, an Indian subsidiary of Maire Tecnimont Group, to explore the possibility of producing green methanol commercially in India as a part of an NTPC project.

The proposed idea suggests capturing the carbon from NTPC power plants and converting it into green fuel, which can then be used for a whole array of applications, like storing renewable electricity and transportation fuel, and its usage as a base material for the chemical industry.

The Ministry said in its statement that “NTPC has signed a Memorandum of Understanding (MOU) with Tecnimont Private Limited, the Indian subsidiary of Maire Tecnimont Group, Italy. The objective of the MOU is to jointly evaluate and explore the possibility of developing a commercial-scale green methanol production facility at the NTPC project in India.”

Also, CK Mondol, Director (Commercial), NTPC, commented on the same, saying, “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.”

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