Asia/Pacific News
India's E-Methanol Plant Aims for $750/mt Production Cost for Bunkers
India’s first port-based e-methanol plant at Kandla is expected to produce the e-methanol at a production cost of about $750/mt.
The 150 mt/day facility is being developed at Deendayal Port in Gujarat by Deendayal Port Authority (DPA) and Assam Petro-Chemicals Ltd (APCL), the government said in press release on Saturday.
Ship & Bunker had previously reported that the foundation stone of the new e-methanol plant was laid last week.
The Ministry of Ports, Shipping and Waterways said the plant will use renewable power, water and biogenic CO2 to produce e-methanol for supply to methanol-fuelled ships operating on the Asia-Europe trade corridor.
The government put the expected production cost at $750/mt, compared with a global rate of about $1,300/mt.
The project will be built in two phases. The first phase will add 50 mt/day of capacity, while the second will add another 100 mt/day.
Phase I is targeted for completion by January 2027, with phase II scheduled for March 2027.
DPA will hold a 76% share in the project, with APCL holding the remaining 24%.
The port authority will provide 75 acres of land, desalinated water and renewable energy for the project.
The plant is expected to support a wider green-fuel supply chain at Kandla, including storage, transportation and marine fuel supply.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 865.50 | 8.50 | 1289.50 | 14.50 |
| Rotterdam | 686.50 | 12.00 | 1390.00 | 40.00 |
| Houston | 740.50 | 7.50 | 1388.00 | 1.50 |
| Fujairah | 963.50 | 12.50 | 1666.50 | 19.50 |
| APAC Average | 999.00 | 0.00 | 1492.50 | 1.50 |
| Global 20 Ports Average | 876.00 | 6.00 | 1520.50 | 13.50 |
| Global 4 Ports Average | 814.00 | 10.00 | 1433.50 | 18.00 |
| Global Average Bunker Price | 935.00 | 3.00 | 1594.00 | 14.00 |
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