The MOU will explore the possibility of establishing a green methanol at an NTPC project site.
India’s largest power generation company, NTPC Ltd., has signed a non-binding Memorandum of Understanding (MOU) with Tecnimont Private Limited, an Indian Subsidiary of Maire Tecnimont Group, Italy. The objective of the MOU is to jointly evaluate and explore the possibility to develop a commercial-scale Green Methanol Production facility at the 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 renewable electricity, and even as a transportation fuel. It is also considered a substitute fuel for maritime fuel applications.
Chandan Kumar Mondal, Director (Commercial), NTPC added, this project along with NTPCs 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.
Alessandro Bernini, Maire Tecnimont Group and NextChem CEO, commented: “This collaboration with a leading player such as NTPC represents another strategic milestone for Maire Tecnimont Group in its roadmap to consolidate its industrial footprint as technology provider and energy transition enabler for the Indian natural resource transformation market.”
Tecnimont Private Limited (TCMPL) is a subsidiary of Maire Tecnimont Group and serves as the Group’s centre of Engineering excellence for India. With more than 2,000 employees, TCMPL is headquartered in Mumbai and has support offices in New Delhi, Middle East, Abu Dhabi and Malaysia. Maire Tecnimont S.p.A., a company listed on the Milan Stock Exchange, heads an international industrial group that is a leader in the transformation of natural resources (plant engineering in downstream oil & gas, with technological and execution competences). Through its subsidiary NextChem, it operates in the field of green chemistry and the technologies to support the energy transition. Maire Tecnimont Group operates in about 45 countries, through approximately 50 operative companies and about 9,300 people.