NTPC and GACL agree to produce green fuels

NTPC REL has signed an agreement with Gujarat Alkalies and Chemicals (GACL) to mutually explore the opportunities for establishing commercial-scale green ammonia and green methanol project.

NTPC REL is a subsidiary of state-run power Genco NTPC, while GACL, a Gujarat government PSU, is engaged in the production of industrial chemical products.

This would be the first commercial-scale green ammonia and green methanol project in the country.

Both the PSUs have joined hands to set up India’s first commercial-scale green ammonia and green methanol project.

NTPC has been at the forefront of RE capacity development and has been credited for bringing the lowest ever solar tariff in the country. NTPC REL was incorporated in October 2020 to take care of the RE business of NTPC.

This development comes in the backdrop of NTPC announcing its green hydrogen initiatives and plans to build the country’s first pilot projects for synthesising green methanol, setting up green hydrogen filling stations, green hydrogen blending into PNG and green energy storage projects, it added.