CIST Technology to Establish Bio-Fuel Facility for Bunkering in India and Singapore
CIST Technology is set to develop a bio-methanol and green ammonia facility in Maharashtra, India, targeting bunker fuel demands in Indian and Singaporean ports. The project, with a total investment of approximately $414 million, aims for a final investment decision by year-end and initial production by 2028.
Theia Market Signal Identification - AI Assisted
CIST Technology plans to construct a facility in Palghar, Maharashtra, capable of producing 200,000 mt/year of bio-methanol and 100,000 mt/year of green ammonia. The Maharashtra government will invest INR 40 billion ($414 million) in the project, which is expected to reach full production capacity by the end of 2029.
The facility will utilize biomass gasification, electrolyser technology, and will integrate green hydrogen production and biogenic CO2 capture. CIST aims to supply these fuels to bunker suppliers and shipping companies for use in Indian and Singaporean ports under FOB/CIF terms. The initial production capacity of 50,000 mt/year of bio-methanol is anticipated to come online by 2028, reflecting a growing trend towards sustainable shipping fuels.
Comments