From The Economic Times · Bikash Singh · · 1m 30s
India's First Port-Based E-Methanol Plant
India launches first port-based e-methanol plant to supply green fuel to global shipping routes.
In brief
India launches first port-based e-methanol plant to supply green fuel to global shipping routes. India's first port-based e-methanol plant will produce green fuel for ships on the Asia-Europe trade corridor at a competitive price of $750 per tonne. Originally reported by The Economic Times.
Project Launch
India's first port-based e-methanol plant will produce green fuel for ships on the Asia-Europe trade corridor.
Investment Details
The ₹2,300-crore plant, a joint initiative of Deendayal Port Authority and Assam Petro-Chemicals Ltd, will be installed in phases using scalable modules.
Phase I and II
Phase I adds 50 tonnes per day at ₹1,200 crore, targeted for completion by January 2027, followed by Phase II adding 100 tonnes per day at ₹1,100 crore, targeted for March 2027.
Production and Pricing
The plant will produce e-methanol at US$750 per tonne, significantly below the global rate of US$1,300 per tonne.
Capital Contribution
Deendayal Port Authority contributes 76% of the capital, including ₹567.32 crore equity, 75 acres of land, desalinated water, and renewable energy.
Government Support
The project supports Prime Minister Narendra Modi's net zero emissions by 2070 and Make in India initiatives, aligning with India's maritime expansion goals.
Leadership Statements
Gujarat Chief Minister Bhupendra Patel stated, 'Kutch and the long coastline of Gujarat will now power the world's ships through Kandla.'
“Kutch and the long coastline of Gujarat will now power the world's ships through Kandla”
Future Impact
The plant will create over 3,500 direct and indirect jobs and position India as a global leader in green fuel production for shipping.
The key point
India's first port-based e-methanol plant will produce green fuel for ships on the Asia-Europe trade corridor at a competitive price of $750 per tonne.
