From The Economic Times · PTI · · 1m
India Launches First Port-Based E-Methanol Plant
India begins first port-based e-methanol facility at Kandla for Rs 2,300 cr.
In brief
India begins first port-based e-methanol facility at Kandla for Rs 2,300 cr. India will produce green methanol for international ships at Rs 750 per tonne, cheaper than global rates of Rs 1,300 per tonne. Originally reported by The Economic Times.
Foundation Laid
The government laid the foundation stone for India's first port-based e-methanol production facility at Kandla.
Joint Venture Details
Deendayal Port Authority and Assam Petro-Chemicals Ltd will jointly build the 150-tonne-per-day plant.
Green Fuel Production
The plant will use renewable power, water and biogenic CO2 to produce e-methanol for cleaner shipping.
Cost and Timeline
Phase I completes by January 2027 with 50 tonnes per day capacity at Rs 1,200 crore, followed by Phase II in March 2027.
Economic Impact
The project creates over 3,500 jobs and stimulates the green energy value chain in Kandla.
Global Competitiveness
India's e-methanol will cost USD 750 per tonne, cheaper than the global rate of USD 1,300 per tonne.
The essence
India will produce green methanol for international ships at Rs 750 per tonne, cheaper than global rates of Rs 1,300 per tonne.
