L&T Hydrocarbon Engineering Signs MoU with NTPC for CO2 to Methanol Plants

L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T), has signed a memorandum of understanding with NTPC Ltd., a Maharatna PSU on 19th August 2020, wherein LTHE shall be the Engineering, Procurement and Construction Management partner to build CO2 to Methanol demonstration Plant in NTPC Power Station.

MoU was signed by Mr. Subramanian Sarma, Whole Time Director and Senior Executive Vice President (Energy) and Sh. Ujjwal Kanti Bhattacharya, ED (Projects), NTPC Ltd. in presence of Sh. C K Mondol, Director (Commercial), NTPC Ltd. and other senior officials from L&T and NTPC Ltd.

This plant will comprise of three sub-units namely CO2 capture from Flue Gas, H2 production by electrolysis of water and catalytic conversion of CO2 & H2 to Methanol.

Under this MOU, LTHE and NTPC will further collaborate to accelerate the development and subsequently commercialize CO2 to Methanol plants.

Mr. Subramanian Sarma said, “We are delighted to be a part of this initiative of NTPC in the field of clean energy. This development towards establishing CO2 to Methanol plants is an important step towards India’s commitment to combat climate change. LTHE, together with NTPC, will leverage its vast experience in engineering, construction and project management to successfully deliver this demonstration project”.

Organized under Offshore, Onshore, Construction Services, Modular Fabrication and AdVENT (Advanced Value Engineering & Technology) verticals, LTHE delivers ‘design to build’ engineering and construction solutions across the hydrocarbon spectrum.

Source: Equity Bulls