Jakson Green, India’s top player in renewable and new energy, has won a first-of-its-kind project from National Thermal Power Corporation (NTPC) to build a methanol synthesis facility in Vindhyachal, Madhya Pradesh. Methanol is a cleaner alternative fuel that can be used for various purposes, including power generation and transportation. The subject methanol synthesis plant will be a part of NTPC’s Vindhyachal Thermal Power plant with a production capacity of 10 tonnes-per-day (TPD). The methanol production unit is being designed to convert 20 TPD carbon dioxide to 10 TPD Methanol through a catalytic hydrogenation process, utilising carbon dioxide from thermal plant flue gas through a carbon capture unit and green hydrogen produced by electrolysis.
Jakson Green will oversee the entire design, engineering, procurement, and construction of this project on turnkey basis, in partnership with NTPC and their leading Japanese technology provider for the methanol synthesis process. The company will establish the plant on a fast-track basis and is confident that the project’s success will pave the way for more such projects in the coming future.
Furthermore, India envisions the creation of a methanol economy, which will help reduce carbon emissions and promote a sustainable environment. It will reduce India’s dependence on oil imports and simultaneously curb the pollution from the electricity sector. Further, it will help India meet its Paris Climate Change Agreement obligation to reduce carbon emissions by 33-35 per cent by 2030.
In March 2023, Rail Vikas Nigam Ltd announced signing a Memorandum of Understanding with Jakson Green to form a global joint venture for clean energy engineering, procurement and construction projects.