Coal India floats global tender for methanol plant at Dankuni

Kolkata: Coal India (CIL) has floated an open global tender inviting bids for setting up a first-of- its-kind coal-to-methanol (C2M) plant in India through surface coal gasification route on build-own-operate (BOO) model.
The total investment for the project would be Rs 6,000 crore.
Based on the outcome of pre-feasibility studies, CIL has floated this tender to select a BOO operator for the whole life span of the plant, which is expected to be 25 years. “This is a part of implementing the Methanol Economy Programme of the government aimed at reducing the countrys oil import bill,” said a senior executive of the company.