India's NTPC Invests US$5.5 Billion in South Asia's Chemical Industry

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Researched by Industrial Info Resources (Sugar Land, Texas)--National Thermal Power Corporation Limited (NTPC), India's leading power-generation company, is investing about US$5.46 billion in 15 capital-spending projects across South Asia's Chemical Industry. Six of these projects, totaling US$2.12 billion of investment, are in the industrial gases sector, while two projects worth US$2 billion are in the agrochemicals sector.

NTPC's biggest investment is its upcoming green hydrogen and derivatives complex in Pudimadaka, Andhra Pradesh, which is designed to produce green hydrogen, green ammonia and green methanol using renewable energy. The project, now in its earliest stages, is to be developed in two phases set to wrap up in 2030.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Plant and Project databases can learn more from detailed plant profile and can click here for a list of related project reports.

NTPC is also setting up a CO2-to-green methanol plant in Vindhyachal, Madhya Pradesh, which will produce green hydrogen and green methanol. Both units are under construction and are expected to become operational by the end of first-quarter 2024. Subscribers can learn more from detailed plant profile and can click here for a list of related project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).