You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence Asia/Pacific News Latest Features World Americas EMEA Asia/Pacific Home News & Features Asia / Pacific Agastya Advances Plans for Green Methanol Project in India Agastya Advances Plans for Green Methanol Project in India by Ship & Bunker News Team Thursday June 11, 2026 Tweet Follow @shipandbunker The project could cater to shipping's methanol bunker demand. File Image / Pixabay India 's Agastya Group has taken a step forward in plans to develop a large-scale green methanol project in the country. The company has signed an MoU with the state government of Andhra Pradesh for the development of the Agastya Green Fuels Hub at Mulapeta Port in southeastern India, the firm said in a LinkedIn post on last week.  Agastya said the project would include a 1 million mt/year green methanol export-oriented unit, along with green hydrogen production, carbon capture and utilisation technology and renewable energy integration. The company put the planned investment in the project at more than $6.5 billion. According to Agastya, the facility is intended to supply green methanol to international markets including Japan , South Korea , Singapore and Europe , supporting efforts to decarbonise shipping and industry. Earlier this month, the company signed an offtake deal with Sri Lanka's  SAR Group .   Ship & Bunker News Team To contact the editor responsible for this story email us at [email protected] Also in the News NYK Trials System to Cut Methane Slip on LNG Bunker Vessel The system is designed to reduce methane slip by oxidising unburned methane in exhaust gas from LNG-fuelled engines. Read in Full Nereus Digital Bunkers Hires Sales VP for Northern Europe Fernando Alvarez has joined Nereus as vice presi