Niti Aayog plans to set up 15,000 tonnes/day coal to methanol gasification unit | Business Line

NEW DELHI, JAN 5:  Niti Aayog is aiming to set up a 15,000 tonnes per day coal to methanol gasification unit in a bid to cut crude oil imports. Speaking to reporters at a press briefing, Member, Niti Aayog, V K Saraswat, said, “The 15,000 tonnes per day plant will cost around ₹ 9,000 crore to ₹ 10,000 crore. It will gasify coal and convert to methanol.”This 15,000 tonnes per day coal to methanol plant will be enough meet the initial target of a 10 per cent cut in crude oil import dependence by 2020, Saraswat added.Saraswat said that while this plan is on the drawing board right now, another 1,500 tonnes per day coal to methanol project has also been proposed. He said: “We have written to the government to set up a 1,500 tonnes per day coal to methanol gasification unit at the Talcher coal to fertiliser project. A separate stream of coal can be provisioned by the government for the same.”

Source: Niti Aayog plans to set up 15,000 tonnes/day coal to methanol gasification unit | Business Line