India to set up first port-based e-methanol facility at Kandla for Rs 2,300 crore

India is planning to establish its first port-based e-methanol facility at Kandla, a major port city, with an investment of Rs 2,300 crore. This move aims to promote the use of green energy in the maritime sector, aligning with India's growing status as a leading maritime power. The facility will help power ships with e-methanol, reducing reliance on fossil fuels and contributing to a cleaner environment.

Why it matters

India's new e-methanol facility will increase its maritime power and provide green energy to ships. This will attract more business to Indian ports and boost the country's economy.

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