Tecnimont Pvt Ltd, the Indian subsidiary of Maire Tecnimont Group, has signed a non-binding MoU with NTPC Ltd to jointly evaluate and explore the possibility to develop commercial scale green methanol production facilities 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 the chemical industry as a base material, being used as an energy carrier for storing electricity generated from renewable sources, and serving as a transportation fuel. It is also considered as a substitute fuel for maritime fuel applications.
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.”
Also read: NTPC Signs MoU With Mitsubishi For Hydrogen Co-Firing
Tecnimont Pvt Ltd, a subsidiary of Maire Tecnimont Group and serves as the group’s centre ef Engineering excellence for India. 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). NextChem, a subsidiary of Maire Tecnimont S.p.A., operates in the field of green chemistry and the technologies to support the energy transition.
