NTPC Limited has signed a non-binding Memorandum of Understanding (MoU) with Tecnimont Private Limited, Indian subsidiary of Italy-based Maire Tecnimont Group. The MoU intends to jointly evaluate and explore the possibility of developing 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 a 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 as a substitute fuel for maritime fuel applications.
Recently in December 2022, NTPC Limited and GE Power India Limited signed a MoU to reduce carbon intensity from NTPC’s coal fired units. The MoU seeks to demonstrate technologies to reduce the carbon footprint of NTPC’s existing coal fired power plants. This MoU aims at partnering on research, development and engineering of technologies that will enable NTPC to reduce the amount of coal fired in their units and gradually replace it by co-firing ‘alternate fuel’ in boilers.
Also, in October 2022, NTPC Limited signed a MoU with Japan-based Mitsubishi Heavy Industries Limited and its subsidiary Mitsubishi Power India Private Limited. The MoU seeks to demonstrate the feasibility for hydrogen co-firing blended with natural gas in MHI 701D gas turbines installed at NTPC Auraiya gas power plant in Uttar Pradesh.