NTPC has signed a non-binding Memorandum of Understanding with Tecnimont Private Limited. The objective of the MOU is to jointly evaluate and explore the possibility to develop commercial scale Green Methanol Production facility at a 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.