Assam Petrochemicals, FC TecNrgy collaborate to produce high-grade methanol

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Assam Petrochemicals Limited has entered into a partnership with Gurgaon-based FC TecNrgy, a leading producer of fuel cells and alternate energy solutions, to produce high-grade methanol tailored for India's fuel cell market.

The memorandum of understanding (MoU) was signed by Col Karandeep Singh (Retd), MD & CEO of FC TecNrgy Pvt Ltd, and Rajnesh Gogoi, Managing Director of Assam Petrochemicals Limited, during the International Methanol Seminar hosted by Niti Aayog this week, the firm said in a statement.

"Under the MoU, Assam Petrochemicals and FC TecNrgy will collaborate on a project to refine methanol produced by Assam Petrochemicals to achieve 99.95 per cent purity -- suitable for the rapidly growing fuel cell market -- which will further reduce the consumption of fossil fuels in India," it said.

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Category: BusinessFinance

Markets: India

Topics: Assam Petrochemicals Production FC TecNrgy Methanol

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Published On: 2024-10-18 @ 16:02:29 (10 hours ago)

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News Source URL: business-standard.com

Language: English

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