Economy, Banking and Finance · 31 January 2026
Assam Petro-Chemicals Ltd (APL) and Deendayal Port Authority (DPA) sign MoU for ₹1,200 Crore e-Methanol plant
Exam-focused facts from the 31 January 2026 current affairs briefing.
Key facts
- Assam Petro-Chemicals Ltd (APL) and Deendayal Port Authority (DPA) signed a Memorandum of Understanding (MoU) to establish a 150 Tonnes Per Day (TPD) e-Methanol plant at Kandla Port in Gujarat.
- The project involves a capital investment of more than ₹1,200 crores and is expected to generate approximately 3,500 direct and indirect employment opportunities.
- Under the agreement, DPA will provide pipeline connectivity, storage, and fuel-handling infrastructure, while APL will establish the green methanol production facility within the port area.
- The plant will produce e-methanol using green hydrogen and captured carbon dioxide powered by renewable electricity to support India’s Maritime Decarbonisation roadmap.
- Kandla Port is being developed as a Green Hydrogen Hub under the National Green Hydrogen Mission, which aims to produce and export 5 million tonnes of green hydrogen over the next 5 to 6 years.
- The facility is intended to position Kandla Port as a major green fuel supply point for international maritime trade routes, including the Singapore–Rotterdam corridor.
- The initiative contributes to India’s commitment to achieving net-zero carbon emissions by 2070.