Explore Business Standard
Assam Petrochemicals Limited has entered into a partnership with Gurgaon-based FC TecNrgy, a leading producer of fuel cells and alternate energy solutions, to produce high-grade methanol tailored for India's fuel cell market. The memorandum of understanding (MoU) was signed by Col Karandeep Singh (Retd), MD & CEO of FC TecNrgy Pvt Ltd, and Rajnesh Gogoi, Managing Director of Assam Petrochemicals Limited, during the International Methanol Seminar hosted by Niti Aayog this week, the firm said in a statement. The ceremony was presided over by Niti Aayog vice chairman Suman Bery. "Under the MoU, Assam Petrochemicals and FC TecNrgy will collaborate on a project to refine methanol produced by Assam Petrochemicals to achieve 99.95 per cent purity -- suitable for the rapidly growing fuel cell market -- which will further reduce the consumption of fossil fuels in India," it said. Together, the companies aim to achieve target production levels of high-grade methanol, with an estimated ...
India should aim to set up large-size methanol plants to reduce the import of fossil fuels, Niti Aayog member VK Saraswat said on Wednesday. Saraswat further said India's dependence on thermal power plants will decrease in the future, so the country will have to make sure that the industry comes to manufacture methanol. "Methanol is a clean fuel...We should aim to set up large-size methanol plants in the country," he told reporters here. Saraswat said methanol can also be used as fuel in heavy commercial vehicles. Cochin Shipyard Limited (CSL) has been given an order by a foreign company to build a ship which will run on methanol, he said. Saraswat also informed that Niti Aayog will host the second international methanol seminar and expo 2024, a two-day event on October 17-18, 2024, at the Manekshaw Centre, New Delhi. According to an official statement, the Methanol Economy in India was started in September 2016 when Niti Aayog, in collaboration with Methanol Institute, USA, orga