The ₹2,300 crore plant at Deendayal Port will make green methanol for ships on the Asia-Europe trade corridor, backing India's shipping decarbonisation and net-zero goals.

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• The foundation stone was laid on Saturday, September 26, at Deendayal Port Authority in Kandla, Gandhidham, Gujarat.
• Ports Minister Sarbananda Sonowal, Gujarat Chief Minister Bhupendra Patel and Assam Chief Minister Himanta Biswa Sarma performed the ceremony.
• The plant has a capacity of 150 tonnes per day and uses renewable power, water and biogenic carbon dioxide.
• It is a joint venture of Deendayal Port Authority and the Namrup-based Assam Petro-Chemicals Limited, structured as a 76:24 partnership.
• The port authority is contributing ₹567.32 crore in equity, along with 75 acres of land and access to desalinated water.
• Phase I adds 50 tonnes per day for ₹1,200 crore by January 2027, and Phase II adds 100 tonnes per day for ₹1,100 crore by March 2027.
• The fuel is meant for vessels on the Asia-Europe International Trade Corridor, one of the busiest global shipping routes.
• Officials estimate production at about $750 per tonne, against a global price of roughly $1,300 per tonne.
• Deendayal Port is one of three designated Green Hydrogen Hubs, alongside Paradip and V.O. Chidambaranar Port.
• The project supports India's target of net zero emissions by 2070 and its push for energy self-reliance.