Mumbai, India, December 26, 2022 (GPN)–Tecnimont Private Limited, Indian subsidiary of Maire Tecnimont Group, has signed a non binding Memorandum of Understanding (MOU) with NTPC, India’s largest power generation company. The objective of the MOU is to jointly evaluate and explore the possibility to develop commercial scale Green Methanol Production facilities at NTPC project in India.

The Green Methanol Project involves capturing carbon from NTPC power plants and converting it into green fuel. Green Methanol has a wide range of applications, including serving the chemical industry as a base material, being used as an energy carrier for storing electricity generated from renewable sources, and serving as a transportation fuel. It is also considered as a substitute fuel for maritime fuel applications.

Alessandro Bernini, Maire Tecnimont Group and NextChem CEO, commented: “This collaboration with a leading player such as NTPC represents another strategic milestone for Maire Tecnimont Group in its roadmap to consolidate its industrial footprint as technology provider and energy transition enabler for the Indian natural resource transformation market.”

About Tecnimont Private Limited

Tecnimont Private Limited (TCMPL) is a subsidiary of Maire Tecnimont Group and serves as the Group’s centre of Engineering excellence for India. With more than 2,000 employees, TCMPL is headquartered in Mumbai and has support offices in New Delhi, Middle East, Abu Dhabi and Malaysia. It is a leader in Engineering and Main Contracting for the natural resources transfo  rmation industry. With a legacy now spanning six decades, TCMPL has exhaustive experience in executing more than 400 projects globally.

Maire Tecnimont S.p.A.

Maire Tecnimont S.p.A., a company listed on the Milan Stock Exchange, heads an international industrial group that is a leader in the transformation of natural resources (plant engineering in downstream oil & gas, with technological and execution competences). Through its subsidiary NextChem, it operates in the field of green chemistry and the technologies to support the energy transition. Maire Tecnimont Group operates in about 45 countries, through approximately 50 operative companies and about 9,300 people. For more information: www.mairetecnimont.com