The two companies aim to jointly evaluate and explore the possibility of developing a green methanol production facility on a commercial scale at an NTPC project in India.
New Delhi: India's largest power producer NTPC Ltd on Monday signed a non-binding Memorandum of Understanding (MoU) with Technimont Pvt Ltd, the Indian arm of Italy-based Maier Technimont Group, to jointly produce green methanol on a commercial scale. Will evaluate and explore the possibility of developing production. Facility in NTPC Project in India. Through this move, the two organizations aim to jointly evaluate and explore the possibility of developing a green methanol production facility on a commercial scale at an NTPC project in India, according to a company statement. In addition, the scope of this Green Methanol Project includes capturing carbon from NTPC's power plants and converting it into 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 a replacement fuel for marine fuel applications. This project with NTPC under pilot scale Green Methanol Project is aligned with NTPC's commitment to sustainability and renewable energy, and will contribute significantly to the country's energy transformation, Chandan Kumar Mondal, Director (Commercial), NTPC. Ministry of NTPC Under, said. power, is the country's largest power generating company and supplies one-fourth of the total electricity in the country. Presently, NTPC has an installed renewable energy capacity of 2,332 MW. Overall, the NTPC Group (including joint ventures and subsidiaries) has an installed power generation capacity of 70,254 MW, including fossil-fuel based.
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