NTPC has signed a non-binding Memorandum of Understanding (MOU) with Tecnimont Private Limited, Indian Subsidiary of Maire Tecnimont Group, Italy.
- The objective of the MOU is to jointly evaluate and explore the possibility to develop commercial scale Green Methanol Production facility at NTPC project in India.
About Green Methanol
- Green methanol is a low-carbon fuel that can be made from either biomass gasification or renewable electricity and captured carbon dioxide (CO2).
- For NTPC, 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.
About Methanol
- Methanol is a low carbon, hydrogen carrier fuel produced from high ash coal, agricultural residue, CO2 from thermal power plants and natural gas.
- Although slightly lower in energy content than petrol and diesel, methanol can replace both these fuels in the transport sector (road, rail and marine), energy sector (comprising DG sets, boilers, process heating modules, tractors and commercial vehicles) and retail cooking (replacing LPG [partially], kerosene and wood charcoal).
- Methanol is cheap to produce relative to other alternative fuels. Methanol has a lower risk of flammability compared to gasoline.
- Methanol can be manufactured from a variety of domestic carbon-based feedstocks, such as biomass, natural gas, and coal.
