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.
