NTPC & Tecnimont Sign MoU To Explore Green Methanol Production In India
NTPC and Tecnimont Will Explore the Production of Green Methanol Together
On Monday, NTPC Ltd, the largest power producer in India, signed a non-binding memorandum of understanding (MoU) with Italy's Maire Tecnimont Group's Indian arm Tecnimont Pvt Ltd. The MoU signed aimed at carrying out the evaluation and exploration of the possibility of developing an industrial-scale green methanol production facility at the NTPC project in India.
By this action, both organisations strive to evaluate and explore the prospect of constructing a commercial-scale green methanol production facility together at the NTPC project in India, per the company's statement. In addition, this green methanol project's scope includes converting captured carbon from NTPC power plants into green fuel.
Green methanol has a broad spectrum of applications, including functioning as a raw material in the chemical industry, as a transportation fuel, and for storing renewable electricity. It is also employed as an alternate fuel for maritime fuel applications.
According to the director (commercial) at NTPC, Chandan Kumar Mondal, the project, paired with NTPCs ongoing undertaking pilot scale Green Methanol project, lines up with the dedication of NTPC towards sustainability as well as renewable energy and will contribute extensively to the nation's energy transition. Under the ministry of power, NTPC is the largest power-producing company in the country and supplies around one-fourth of all the country's electricity.
Currently, NTPC commissioned a 2,332 MW renewable energy capacity. Generally, the established power generation capacity, including NTPC Group's (including joint ventures and subsidiaries) fossil-fuel based, stands at 70,254 MW.
About NTPC
NTPC is the largest power utility in India with a 70,824 MW (including JVs) installed capacity and intends to evolve into a 130 GW company by 2032. It was established in 1975.
NTPC has integrated its comprehensive Rehabilitation & Resettlement and CSR policies with its core business of establishing power projects and generating electricity. The company is set on creating reliable power at rates that are competitive in a sustainable way by enhancing the usage of several energy sources with innovative and eco-friendly technologies, thus, contributing to the economic development of the country and uplifting society.
About Tecnimont
Tecnimont is a global leader in the domain of plant engineering, embedded in the developing experience of Italian industrial technology forming the new boundaries of Engineering Innovation. They embody the spirit of the contractor of the Group in Engineering, Procurement & Construction of high-scale projects globally.
It exceeds in discovering mega projects worldwide, positioning the company among the leading players. It has exceptional references in managing large integrated turn-key complex projects by operating as the client's EPC contractor.
They have a well-rooted track record and a steady technological footprint providing services all over the value chain. Their vast knowledge guarantees the highest technological innovation, ranging between research, design process, and engineering to execute projects with procurement and construction.
According to Procurement Resource, the article covers the recent development of NTPC Ltd, the largest power producer in India, signing a non-binding memorandum of understanding (MoU) with Italy's Maire Tecnimont Group's Indian arm Tecnimont Pvt Ltd in order to carry out the evaluation and exploration of the possibility of developing an industrial-scale green methanol production facility at the NTPC project in India.
The development will help both organisations to explore the prospect of constructing a commercial-scale green methanol production facility. This green methanol project's scope includes converting captured carbon from NTPC power plants into green fuel. This project lines up with the dedication of NTPC towards sustainability as well as renewable energy and will contribute extensively to the nation's energy transition.
Recent News & Articles
Class III Milk Forecast Lifted to $17.00/cwt on Cheese and Whey Strength
Cheese Procurement Outlook: Spot Prices Ease, Annual Forecasts Rise
Coconut Oil Procurement Outlook Improves as Export Supply Grows
Rapeseed Oil Supply Outlook Improves as Canada Stocks Rise
Sunflower Oil Supply Rebuild Coming as Ukraine Output Jumps 19 Percent
Tags
- Access independent price trends and market intelligence for thousands of raw materials.
- Request customised production cost and prefeasibility reports for specific plants or locations.
- Explore subscription dashboards for continuous tracking of prices, indices, and news.
- Commission bespoke research on categories, suppliers, or trade flows tailored to your brief.
Our Team will be happy to assist you
We are Just a Text away
