Agastya Green Fuels signs 250,000 tonne methanol offtake with Sri Lanka’s SAR
In India, Agastya Green Fuels Private Limited signed a long-term offtake agreement with Sri Lanka’s SAR Maritime Agencies, for the supply of 250,000 metric tons per annum of green methanol compliant with the EU’s RED III rules for renewable fuels of non-biological origin.
The methanol would be supplied from the planned Agastya Green Fuels Hub at Mulapeta Port in Andhra Pradesh, where Agastya is developing a 1 million tonne per annum export facility with a planned investment of $6 billion over the next six years.
The companies say they will work together on green methanol storage, bunkering and marine fuel infrastructure across Sri Lanka, with the aim of developing Colombo, Hambantota and Trincomalee as clean fuel hubs for shipping. Agastya describes the agreement as one of the largest green methanol supply partnerships in the Indian Ocean region.
Category: Sustainable Marine Fuels
