China is leading the world methanol market with 60% market share.
There are many in listed / unlisted space in india – But not green …they are either producing my coal or natural gas…
Apart from being a clean-burning fuel used as an alternative for gasoline in automobiles , methanol has many other industrial uses:
- industrial solvent for dyes, inks, resins, fragrances, cosmetics.
- in the Pharma, for production of hormones, vitamins, cholesterol
- It is also very valuable as an antifreeze in pipelines.
- Lastly, methanol is used in the chemical synthesis of DME dimethyl ether
Companies involved in Methanol though not Green methanol are : Vinati organics, Gujarat Narmada Valley Fertilizer & Chemicals limited, Deepak Fertilizers, Rashtriya Chemicals and Fertilizers, Assam Petrochemicals and National Fertilizers Limited, Gujarat Alkalis limited
However, NTPC is seriously working on the Green methanol projects. it is setting up Green methanol plants at all it’s thermal plants The plan is to capture CO2 from thermal power plant and convert it to methanol with help of green hydrogen.
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