Assam Petrochemicals, FC TecNrgy tie-up to produce high-grade methanol

22 Oct 2024 CW Team

Assam Petrochemicals Limited has partnered with Gurgaon-based FC TecNrgy, a leader in fuel cell and alternate energy solutions, to produce high-grade methanol specifically for India's fuel cell market.

The memorandum of understanding (MoU) was signed by Col Karandeep Singh (Retd), MD & CEO of FC TecNrgy, and Rajnesh Gogoi, Managing Director of Assam Petrochemicals, during the International Methanol Seminar organized by Niti Aayog this week, with the ceremony presided over by Niti Aayog Vice Chairman Suman Bery.

Under the MoU, the two companies will collaborate on refining methanol produced by Assam Petrochemicals to achieve 99.95% purity, making it suitable for the expanding fuel cell market and reducing fossil fuel consumption in India.

The partnership aims for a production target of 50-75 lakh litres of high-grade methanol over the next five years, with plans for joint marketing and potential future exports of fuel cell-grade methanol to international markets.

"This collaboration is set to significantly benefit both FC TecNrgy and Assam Petrochemicals as it taps into the rapidly growing methanol fuel cell market, which has gained momentum following India’s carbon reduction commitments under COP26 and its pledge for net-zero emissions by 2070," the statement said.

Methanol is produced through the direct combination of carbon monoxide and hydrogen in the presence of a catalyst. Additionally, syngas, a mix of hydrogen and carbon monoxide derived from biomass, is also utilized for methanol production. It serves as an alternative fuel for vehicles, ships, and power generation.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..