NTPC and Tecnimont sign MOU to explore green methanol production

NTPC Limited has signed a non-binding memorandum of understanding (MOU) with Tecnimont Private Limited, the Indian subsidiary of Maire Tecnimont Group, Italy, to jointly evaluate and explore the possibility to develop a commercial-scale green methanol production facility at an NTPC project in India.

The green methanol project involves capturing carbon from NTPC 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 electricity generated from renewable sources, and even as a transportation fuel. It is also considered a substitute fuel for maritime fuel applications.