TechnologyWednesday, October 21, 20262 min read

Slew of Sops to help fuel ships' shift to methanol

By Economic Times · Published by Everything Blog

In short

The Indian government is considering a series of measures to promote the use of methanol as a fuel for ships, including examining methanol's use in ports, improving turnaround times, and establishing uniform pricing and refuelling facilities. This initiative aims to reduce reliance on imported fossil fuels and increase demand for methanol, potentially attracting investment in production, storage, and bunkering infrastructure.

Key points

The Indian government is considering a series of measures to promote the use of methanol…: The Indian government is considering a series of measures to promote the use of methanol as a fuel for ships.
Methanol can be domestically produced through avenues such as agricultural residue.: Methanol can be domestically produced through avenues such as agricultural residue.
Predictable port calls from international container lines could help establish demand for…: Predictable port calls from international container lines could help establish demand for methanol and attract investment in production, storage, and bunkering infrastructure.

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"Multiple suggestions are being examined," said an official, who did not wish to be identified. The ports, shipping and waterways ministry and the director general of shipping had initiated a study on the use of methanol, which calls for uniformity in port charges and speedier turnaround times for ships planning to use Indian methanol refuelling facilities.

Also on the table are uniform methanol pricing at Indian ports, infrastructure development for the speedier turnaround of vessels and the easing regulations for faster approvals needed to set up these facilities. While India continues to import fossil fuels, methanol can be domestically produced through avenues such as agricultural residue.

"Predictable port calls from international container lines could help establish demand for methanol and give suppliers greater confidence to invest in production, storage and bunkering (the supply of fuel to ships)," a second official said, adding that work is underway on boosting the local availability of alternative fuels. Work has already begun on building the infrastructure for methanol-based shipping.

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Original source: economictimes.indiatimes.com

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In short

Key Points

The Indian government is considering a series of measures to promote the use of methanol…: The Indian government is considering a series of measures to promote the use of methanol as a fuel for ships.
Methanol can be domestically produced through avenues such as agricultural residue.: Methanol can be domestically produced through avenues such as agricultural residue.
Predictable port calls from international container lines could help establish demand for…: Predictable port calls from international container lines could help establish demand for methanol and attract investment in production, storage, and bunkering infrastructure.

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AI Analysis

Tone

Positive

In short

Key Points

The Indian government is considering a series of measures to promote the use of methanol…: The Indian government is considering a series of measures to promote the use of methanol as a fuel for ships.
Methanol can be domestically produced through avenues such as agricultural residue.: Methanol can be domestically produced through avenues such as agricultural residue.
Predictable port calls from international container lines could help establish demand for…: Predictable port calls from international container lines could help establish demand for methanol and attract investment in production, storage, and bunkering infrastructure.

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Technology

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Slew of Sops to help fuel ships' shift to methanol

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