NTPC Green Energy and Honeywell UOP collaboration for Sustainable Aviation Fuel Production
Key Ideas
- NTPC Green Energy Ltd signed an MoU with Honeywell UOP India Pvt Ltd to explore the production of sustainable aviation fuel using green hydrogen and CO2 emissions captured from NTPC's power plants.
- The collaboration aims to develop a Green Hydrogen Hub in Pudimadaka, Andhra Pradesh, leveraging 7 GW of renewable energy and exporting over 2.5 million tons of green chemicals annually.
- The project supports NTPC's goal of achieving a 60 GW renewable energy portfolio by 2032 and contributes to India's target of 500 GW non-fossil energy capacity by 2030, representing a significant step towards decarbonising the aviation sector.
- Honeywell UOP's sustainable aviation fuel can reduce greenhouse gas emissions by 60-80% when blended with petroleum-based jet fuel and meets rigorous jet fuel standards for performance.
NTPC Green Energy Ltd's shares will be in focus as they announced a collaboration with Honeywell UOP India Pvt Ltd to explore the production of sustainable aviation fuel. The companies will conduct a feasibility study using Honeywell's eFining technology and NTPC's green hydrogen and CO2 emissions. This initiative is part of NTPC Green Energy's Green Hydrogen Hub project in Pudimadaka, Andhra Pradesh, aiming to produce Sustainable Aviation Fuel (SAF) and green chemicals. The hub, once fully operational, will utilize 7 GW of renewable energy and export over 2.5 million tons of green chemicals annually. This collaboration is a significant move towards decarbonising the aviation sector and supports NTPC's renewable energy goals. The project is also expected to bring a significant investment to the state and create employment opportunities while contributing to India's non-fossil energy capacity target. Honeywell UOP's sustainable aviation fuel, when blended with petroleum-based jet fuel, can reduce greenhouse gas emissions significantly, aligning with global sustainability goals. Despite a slight drop in NTPC Green Energy's stock price, the collaboration signifies a positive development in the renewable energy and aviation sectors.
Topics
Aviation
Renewable Energy
Stock Market
Investment
Decarbonisation
Green Chemistry
Employment Opportunities
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