International Methanol Seminar

Why in News?

• Union Minister for Road Transport and Highways Nitin Gadkari inaugurated the International Methanol Seminar and Exhibition in New Delhi.
• It was organized by NITI Aayog.
• The event focused on the role of methanol in the global energy transition.
• It highlighted the importance of biofuels.
• Objectives -
  • To achieve energy independence
  • To strengthen the agricultural economy
  • To ensure prosperity of the farmers of India; etc. 

Methanol:

• It is an organic compound; its molecular formula is CH3OH.
• It is also known as methyl alcohol, wood alcohol, wood naphtha, methyl hydrate, and wood spirit.
• It is a clear liquid chemical that is soluble in water and is easily biodegradable.
• Methanol is an alternative fuel.
  • It is used to run cars, trucks, buses, ships, boilers, and cook stoves.
• It is also used to make plastics, paints, car parts, and building materials.