L&T Hydrocarbon & NTPC sign MoU to convert CO2 to Methanol plants

L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro Limited, has signed a memorandum of understanding (MoU) with NTPC Ltd, wherein LTHE shall be the engineering, procurement, and construction (EPC) management partner to build CO2 to Methanol demonstration plant in NTPC Power Station.

Under this MOU, LTHE and NTPC will further collaborate to accelerate the development and subsequently commercialise CO2 to Methanol plants. This plant will comprise three sub-units namely, CO2 capture from flue gas, H2 production by electrolysis of water, and catalytic conversion of CO2 & H2 to Methanol.

Organised under offshore, onshore, construction services, modular fabrication, and Advanced Value Engineering & Technology (AdVENT) verticals, LTHE delivers 'design to build' engineering and construction solutions across the hydrocarbon spectrum. The business executes projects for oil and gas extraction and processing, petroleum refining, chemicals and petrochemicals, fertilisers, cross-country pipelines, and terminals.

NTPC, which became a Maharatna company in May 2010, is India’s largest energy conglomerate, having a presence in the entire value chain of the power generation business. To strengthen its core business, the corporation has diversified into the fields of consultancy, power trading, training of power professionals, rural electrification, ash utilisation, and coal mining as well.

On Thursday, in the early morning session, the stock of L&T was trading low 2.6 per cent from its previous close while NTPC was trading 5.8 per cent higher from its previous close on BSE.