Asia/Pacific News
India's Kandla Port Moves Ahead With E-Methanol Plant
India’s Kandla port held a ceremony last week to lay the foundation stone for a new e-methanol plant.
The plant, which will have a production capacity of 150 mt/day, is expected to support the development of green fuel infrastructure at the port, the port authority said in a social media post on Saturday.
Earlier this year, Assam Petro-Chemicals Ltd signed an MoU with Deendayal Port Authority to develop the e-methanol plant at Kandla Port. Targets shipping demand
E-methanol is produced using green hydrogen and captured carbon dioxide powered by renewable electricity and is increasingly viewed as a viable alternative fuel for shipping.
The port also conducted India’s first methanol bunkering demonstration in April, as it looks to build infrastructure for alternative marine fuels.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 913.50 | 2.00 | 1254.00 | 24.50 |
| Rotterdam | 740.50 | 5.00 | 1392.50 | 2.50 |
| Houston | 767.50 | 3.50 | 1384.50 | 21.50 |
| Fujairah | 967.00 | 3.50 | 1606.50 | 117.50 |
| APAC Average | 1002.00 | 2.50 | 1470.50 | 4.50 |
| Global 20 Ports Average | 903.50 | 5.50 | 1525.00 | 8.50 |
| Global 4 Ports Average | 847.00 | 2.00 | 1409.00 | 42.00 |
| Global Average Bunker Price | 954.50 | 4.00 | 1601.00 | 0.00 |
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