WASHINGTON, Aug. 25, 2016 /PRNewswire-USNewswire/ -- On the 6th and 7th September 2016, India's NITI Aayog in association with the Department of Science and Technology, TIFAC, Ministry of New and Renewable Energy, the Methanol Institute, and the Catalytic Think Tank Forum is jointly organizing an International Seminar – "India's Leap into the Methanol Economy: Opportunities and Options for Energy Security" – at the Manekshaw Centre, New Delhi.
"India is in the cusp of a gigantic transformation towards a developed nation. Securing India's energy needs and bringing down the import bill is one of the key focus of Hon'ble Prime Minister Narendra Modi," said Dr. V K Saraswat, chairman of NITI Aayog Methanol Economy Expert Group. "The Methanol Economy" promises to help India to mitigate its petroleum import costs and at the same time counter problem associated with global warming due to excess CO2 emissions."
"India, endowed with its abundant coal, biomass and alternative energy resources, is ready to adopt many aspects of the Methanol Economy with clean burning Petrol/Diesel substitutes and chemical feed-stocks liberating itself from the shackles of costly petroleum oil imports," commented Methanol Economy proponent, Prof. G. K. Surya Prakash, George A. and Judith A. Olah Nobel Laureate Chair in Hydrocarbon Chemistry and Director, Loker Hydrocarbon Research Institute, University of Southern California.
"The roadmap towards a Methanol Economy for India is filled with opportunity for cleaner air, economic expansion, and jobs. This International Seminar is a critical step along this journey for India, and will set an example for the rest of the world," remarked Gregory Dolan, CEO, Methanol Institute.
National Institution for Transforming India (NITI Aayog) has constituted an Expert Group to evolve a road map for India to adopt the Methanol Economy. Three groups under Production, Utilization and R&D are exploring various techno-economic angles to enhance production of methanol through natural gas, coal, and through bio-, agri- and municipal solid waste. The Expert Group will also draw out a technical road map to adopt both Methanol and DME as a transportation fuel, chemical feedstock, and fuel for electric power generation.
The two-day event will see more than 60 global participants and 500 domestic delegates and will be fully represented by Government of India through its various Ministries, Academia and leaders of Indian Industry. Please visit the Seminar website at: http://methanoleconomy.in/.
The Methanol Institute serves as the trade association for the global methanol industry.
For more information, visit www.methanol.org.
Contact: Greg Dolan
+1 703 248-3636
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SOURCE Methanol Institute