NITI Aayog of central government has said that it will give all its support for increasing the production of Methanol by Assam Petrochemical using natural gas. NITI Aayog believes that Assam state has enough potential of methanol production its huge coal reserves can be extensively used for producing methanol.
"Oil import is a major concern for India and its demand is gradually rising. This has significantly contributed to the country's import bill. As a means of energy security and clean fuel, methanol can replace the traditional energy sources and reduce import and pollution," Saraswat said.
Stating that augmentation of methanol production capacity of APL would immensely boost the local economy, he said NITI Ayog would closely work with the company to utilize the stranded natural gas for producing methanol.
