India's NTPC in Talks with Maersk for Green Methanol Supply to Shipping Industry
Key Ideas
- NTPC Green Energy Ltd is discussing the sale of green methanol with A.P. Møller – Mærsk A/S for its ships, in alignment with global marine fuel standards.
- The partnership aims to reduce greenhouse gas intensity, with green methanol produced by combining green hydrogen with captured carbon dioxide.
- India's strategic advantages such as biomass resources and policy frameworks position it as a sourcing destination for low emission fuels, driving the collaboration.
- Green methanol, ammonia, and urea production alongside green hydrogen signifies NTPC's commitment to decarbonization and sustainable energy solutions.
NTPC Green Energy Ltd, a subsidiary of India’s largest power generation utility, is in discussions with global shipping major A.P. Møller – Mærsk A/S to provide green methanol for its vessels. This initiative is in response to the tightening marine fuel standards worldwide, particularly the European Union's Fuel Maritime Regulation. Green methanol, generated by combining green hydrogen with captured CO2, is seen as a sustainable solution to reduce greenhouse gas intensity. The proposal aligns with Maersk's fleet plans for vessels running on bio- or e-methanol. NTPC plans to produce green methanol, ammonia, urea, and hydrogen at the planned hub in Andhra Pradesh, aiming to export 2 million metric tonnes of green methanol annually. The company is also working on projects to convert CO2 into valuable products like methanol and ethanol to reduce its carbon footprint. The Energy Resources Institute highlighted the global trend of using green hydrogen, methanol, and ammonia in the shipping industry. Green methanol, with its significant emission reductions, emerges as a viable option for long-distance shipping. Overall, the collaboration signifies a positive step towards decarbonization and sustainable energy in the maritime sector.
Topics
Green Hydrogen
Renewable Energy
Sustainability
Energy Transition
Shipping Industry
Global Collaboration
Carbon Footprint
Green Fuels
Maritime Regulations
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