Coal India invites global bids to set up first of its kind Coal to Methanol project

Coal India Limited (CIL) on September 25 floated an open global tender inviting bids for setting up a, first of its kind in India, coal to methanol (C2M) plant through surface coal gasification route on Build-Own-Operate (BOO) model. Based on the outcome of pre-feasibility studies CIL has floated this tender to select the BOO operator for the life span of the plant which is expected to be 25 years. “This is a part of implementing the Methanol Economy program of the government aimed at reducing the country’s oil import bill”, said a senior executive of the company.

CIL owned Dankuni Coal Complex (DCC) in West Bengal, currently run by its subsidiary South Eastern Coalfields Limited, is identified as the project site for the proposed C2M plant.