India, EU Advance Green Shipping Corridor for Ammonia, Methanol | Mariner News
India and the European Union have formally initiated efforts to establish a green shipping corridor, signing a letter of intent (LoI) to explore pathways for linking India’s nascent low-carbon fuel production with European maritime demand.
The LoI, inked this week at Sagarmanthan 2026 in New Delhi, specifically targets green ammonia and methanol as key marine fuels for this potential trade lane, according to India’s Ministry of Shipping.
A dedicated India-EU Green Shipping Corridor Coalition will now convene industry stakeholders to undertake comprehensive assessments. This includes evaluating future fuel supply and demand dynamics, requisite port and transport infrastructure, and the commercial viability of such a corridor. The collaborative approach signals a commitment to de-risking investments and establishing market frameworks beyond mere policy statements.
The VOC Port Authority, supported by technical partner Rocky Mountain Institute, is slated to play a key role in this work, including examining connections with European receiving ports and broader industrial offtakers for the green fuels. This highlights a strategic focus on integrating marine fuel supply with a wider range of industrial demand across the value chain.
This initiative aims to leverage India’s growing capacity for low-carbon marine fuel production. Ship & Bunker reported last week that an e-methanol plant under construction at Kandla port is expected to produce 150 mt/day of e-methanol at an estimated cost of around $750/mt, offering an early indication of potential future supply economics that will be critical for the corridor’s commercial feasibility.
