Green Methanol

Context: Recently, the NTPC (National Thermal Power Corporation) has signed a non-binding MOU with Tecnimont (Italy) to explore production of green methanol.

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).

Applications:

• The green methanol has a wide range of applications:
  • Serving as a base material for the chemical industry
  • Storing renewable electricity
  • Transportation fuel.
• Maritime fuel: It is also considered as a substitute fuel for maritime fuel applications.
• Automotive industry: Methanol can be blended with gasoline in low-quantities and used in existing road vehicles, or it can be used in high-proportion blends such as M85 in flex-fuel vehicles or M100 in dedicated methanol-fuelled vehicles as a substitute for gasoline or diesel.

About National Thermal Power Corporation:

• NTPC is India’s largest power utility with an installed capacity of 68,961.68 MW plans to become a 130 GW company by 2032.
• NTPC comes under the ministry of power.
• Established in 1975, NTPC aims to be the world’s largest and best power major.
• NTPC has comprehensive Rehabilitation & Resettlement and Corporate Social Responsibility (CSR) policies well integrated with its core business of setting up power projects and generating electricity.
• The company is committed to generating reliable power at competitive prices in a sustainable manner by optimising the use of multiple energy sources with innovative eco-friendly technologies thereby NTPC is contributing to the economic development of the nation and upliftment of the society.

Source: Financial Express