NTPC, Tecnimont ponder green methanol-to-fuel project in India

Indian state-run power producer NTPC Ltd (BOM:532555) and a local subsidiary of Italian green chemistry specialist Maire Tecnimont SpA (BIT:MT) will be looking into opportunities to convert green methanol into green fuel.

NTPC said on Monday that it signed a non-binding memorandum of understanding (MoU) with Tecnimont Pvt Ltd to jointly evaluate and explore the possibility of developing such green methanol project at an NTPC site in India.

The idea is to first capture carbon from NTPC-run power plants and then proceed with the conversion. The Indian company pointed out that green methanol can serve as a base material for the chemical industry, as a renewable electricity storage option, and even as a transportation fuel.

“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,” commented NTPC commercial director Shri CK Mondol.

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