The government is betting big on methanol to meet India’s rising energy demand and is working on offering incentives to attract investments in production of methanol from domestic coal, besides setting up research projects that will be scaled up in line with growing consumption.
NITI Aayog member VK Saraswat told ET that the Department of Science and Technology is pumping in Rs 100 cr to run three research and technology projects that will facilitate commercial production of methanol from coal.
“Methanol is one of the energy options that can be simultaneously pursued along with ethanol and electric vehicles to meet our growing need for cleaner fuel in the country,” Saraswat said. Read More…
Latest posts by The Economic Times (see all)
- How Indian solar tariffs delay Modi’s renewable goals - September 25, 2018
- NHAI owes only Rs 425 crore to IL&FS: Officials - September 25, 2018
- India’s oil demand to climb to 500 million tonnes per year by 2040: Indian Oil - September 25, 2018