Mondal underlines NTPC’s commitment to sustainability and renewable energy
Italy’s Maire Tecnimont Group has signed a non-binding Memorandum of Understanding with NTPC Ltd to jointly evaluate and explore the possibility to develop commercial scale Green Methanol Production facility at the latter’s project in India.
The MOU was signed with the Indian subsidiary Tecnimont Private Limited on 26 Dec 2022, said the Power Ministry.
The Green Methanol Project involves 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.
NTPC Director (Commercial) C.K. Mondal 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.”
NTPC, India’s largest power generation company. fiinews.com
