• News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

NITI Aayog To Extend Support For Augmenting Methanol Production In Assam

NITI Aayog Member informed to the Chief Minister of Assam that they will extend necessary support for boosting methanol production in Assam

Photo Credit :


Guwahati, Oct 29 (PTI) Assam government said NITI Aayog will extend all necessary support for augmenting methanol production of Assam Petrochemicals Limited (APL) by utilizing the natural gas available in the state. According to an official release, NITI Aayog Member VK Saraswat informed this to Assam Chief Minister Sarbananda Sonowal during a discussion.

India's Refiners Bet Big On Petrochemicals As Industry Reshapes

"Sonowal informed Saraswat that the government is working to take advantage of the untapped potential of its natural resources while utilizing unconventional energy sources such as methanol production as a substitute for transportation and cooking fuel," it added. The Chief Minister also stated that disposing municipal solid waste as a major cause of concern for the government and sought support from NITI Aayog to utilize the same to convert into an alternate energy source.

Saraswat apprised Sonowal that there is the potentiality of methanol production in Assam and its huge coal reserves can be extensively used for producing methanol. He also highlighted different sources such as natural gas, CO2, Biomass, Municipal Solid Waste, kitchen waste and wood for deriving methanol, which are available in good quantity in the state.

"Oil import is a major concern for India and its demand is gradually rising. This has significantly contributed to the country's import bill. As a means of energy security and clean fuel, methanol can replace the traditional energy sources and reduce import and pollution," Saraswat said. Stating that augmentation of methanol production capacity of APL would immensely boost the local economy, he said NITI Ayog would closely work with the company to utilize the stranded natural gas for producing methanol.

The NITI Aayog member also requested the Chief Minister for extending support to augment methanol production capacity of APL along with setting up a Dimethyl Ether (DME) plant and methanol operated cooking gas stove plant in the state. Sonowal expressed satisfaction over the proposals put forth by Saraswat and assured him that the state government would work closely with the Aayog for preparing a roadmap for exploiting opportunities for enhanced methanol production in Assam.

Top themes and market attention on: