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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India’s textile and garments exports to the US declined 28.7% in February 2026 Why India’s ₹5 pack won’t disappear, but getting smaller West Asia conflict: LPG usage at 21-month low in March E-way bill generation surged all time high of over 14 crore in March Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact Air India at critical stage of transformation: Tata Sons Chairman FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season Govt proposes overhaul of company incorporation rules to cut paperwork, enable risk-based checks HAL delivers 4 helicopters to Coast Guard Charter services operators urge review of ATF pricing Structural gaps affect growth of India’s high-value horticulture sector: Report Rubio set to visit India in May to discuss trade, tariffs, defence, Quad DGFT rolls out procedure for allocation of calcined coke Qatar vows to remain reliable energy supplier to India amid West Asia tensions Gadkari bats for 100% land acquisition before approving NH projects India must rethink West Asia energy reliance after biggest shock in decades, says ONGC chief Sumeet SSG partners Pinnacle Industries to strengthen Maharashtra’s EMS fleet Consumer durables growth muted as demand slows, margins shrink: HDFC Securities March 2026 was the fourth-warmest month on record, says European weather agency India relaxes rice exports norms to some European countries Unseasonal rains damage rabi crops on 2.49 lakh ha, wheat most affected: Agri Minister ADB projects 6.9% growth rate for current fiscal, 70 bps lower than FY26 India-UK FTA likely by May 1; EU trade deal expected by year-end Dubai limits foreign flights until May 31, letters show, hitting Indian airlines hardest India in talks with 20 more countries to open market access: Piyush Goyal ADB ups India's FY27 growth projections to 6.9% Iran control of Strait of Hormuz in focus as tanker turns back, Trump raises concerns India mulls creating 30-day LPG strategic reserve Fire at Mumbai airport terminal delays flights Lesson from West Asia conflict is to factor-in adverse scenarios while framing policies: Oil Secretary Maharashtra government expands agricultural oversight structure Surging Raw Material Costs Hit PVC and Packaging Industries Hard Unseasonal rain, hailstorms, may drag Indian wheat output by over 5% Milky Mist beats FY26 targets, IPO on track, says CEO Delegation to visit Washington as India, US look to revive trade deal talks Only 10% of Indian key reservoirs are filled over 80% IMF warns of deepening global food crisis as fertilizer prices surge Yara India to ramp up digital strategy to strengthen retailer connectivity War-induced risks cushioned by ample buffer for India: World Bank DGS issues direct pass-through of port concessions to exporters amid West Asia crisis Israel allows import of Indian okra seeds, wants virus-free declaration India now seen as ‘safe anchor’, offers stability, predictability and prospects: Shaktikanta Das CropLife asks farmers to tap zaid season window after rabi loss and below normal monsoon ahead Indian trade delegation to visit Washington this month Construction equipment sales fall 13 per cent in FY26 on project delays, weak execution: FADA El Niño threat puts brakes on FY27 auto growth as rural demand risks rise Indian govt hikes NBS fertilizer rates for kharif season by up to 21% to ₹41,533.81 crore
Unruly shrub fuels Kandla’s eco goals
2026-05-03 · via Economy News, Latest Economic News Today | The HinduBusinessLine
GREEN REFILLS. Kandla port aims to become a bunkering hub for low-carbon fuels

GREEN REFILLS. Kandla port aims to become a bunkering hub for low-carbon fuels | Photo Credit: ANI

In the dry stretches around Deendayal Port Authority (formerly Kandla port) in Gujarat, Prosopis juliflora — locally known as gando bawal — has long been viewed as a nuisance. The invasive shrub spreads rapidly, degrades land and crowds out native vegetation. Now, it is being recast as a resource at the heart of a bio-methanol project at the port to convert waste biomass into clean fuel. The project is among several ‘green’ initiatives launched under the auspices of the Harit Sagar Guidelines (2023) and Maritime India Vision 2030 to achieve net-zero goals.

The pilot project, currently at the engineering stage and slated for commissioning by March 2027, is being developed as a technology demonstration unit at an estimated cost of about ₹100 crore. While modest in scale, its implications for clean energy, waste utilisation and port-led sustainability are significant. “This is a biomass-to-methanol project. We are handling the biomass-to-syngas conversion, while Thermax Ltd is taking care of the syngas-to-methanol synthesis,” says Ankur Jain, Managing Director of Ankur Scientific Energy Technology Ltd.

At full capacity, the plant will produce around 5 tonnes of methanol per day, using 15–20 tonnes of biomass. The primary feedstock will be Prosopis juliflora. “We will work with the local people to collect this biomass,” Jain explains.

How the process works

The transformation of a low-value biomass into a high-value liquid fuel involves a series of controlled thermochemical and catalytic reactions.

It begins with biomass gasification, a high-temperature process (typically 700–1,000 degrees C) carried out in a controlled, low-oxygen environment. Inside the gasifier, the biomass passes through four distinct stages: Drying, where moisture is removed; pyrolysis, where it breaks down into volatile gases and char; oxidation, which generates heat through partial combustion; and reduction, where carbon reacts to form carbon monoxide and hydrogen. The output is syngas, a combustible mixture that retains the chemical value of the original biomass.

The raw syngas cannot be used directly. It undergoes conditioning to remove impurities such as particulates, tars and sulphur compounds to protect downstream catalysts.

Its composition is fine-tuned, especially the hydrogen-carbon monoxide ratio, through reactions like the water-gas shift, ensuring optimal conditions for methanol synthesis.

The cleaned syngas is compressed and fed into a methanol synthesis reactor, where it passes over a copper-based catalyst at a temperature of 200–300 degrees C and pressure of 50–100 bar. Carbon oxides react with hydrogen to form methanol in an exothermic reaction. The unreacted gases are recycled into the system to improve efficiency.

Finally, the product stream is cooled, allowing methanol to condense into liquid form. It is refined through distillation, removing water and trace impurities to produce fuel-grade methanol for industrial or maritime use.

The process is both efficient and flexible. It can accommodate a variety of feedstock, including agricultural residues such as peanut shells and sawdust. “There is enough and more supply,” Jain says about feedstock availability.

From an economic standpoint, bio-methanol occupies a middle ground. “This will be much cheaper than e-methanol (electro-methanol, a synthetic fuel made from green hydrogen and captured carbon dioxide) but more expensive than conventional variants,” Jain says.

The cost is expected to fall once the process is scaled up and optimised. The aim is to produce low-carbon marine fuel that meets stringent international requirements on emissions reduction, sustainable sourcing and supply chain traceability, for use in both domestic and export markets such as Europe.

Greener ports

For Deendayal Port Authority (DPA), the project is as much about learning as it is about production. The bio-methanol produced is expected to be blended with conventional fuels to power tugs and other port service vessels. The pilot will generate critical insights on feedstock logistics, process stability and integration within port ecosystems.

What makes the Kandla initiative particularly compelling is its circular approach. It tackles the problem of an invasive species, creates local livelihoods, produces cleaner fuel and even offers carbon sequestration benefits. By turning gando bawal into green methanol, the project demonstrates how local challenges can be reimagined as opportunities. What was once an ecological burden may soon help power a more sustainable future.

Larger strategic play

The bio-methanol push is part of a larger strategy. DPA is simultaneously exploring a ₹3,500 crore e-methanol project of 1.5-2 lakh tonnes per annum capacity, as it seeks to position itself as a bunkering hub for low-carbon fuels on the busy shipping corridor between the ports of Rotterdam and Singapore by the end of the decade.

With Singapore and Rotterdam already established as major bunkering hubs and collaborating on cleaner fuel adoption, Kandla is positioning itself as an additional supply node, aiming to cater to nearly 200 vessels that are running on methanol-based fuels along this corridor by 2030.

Methanol bunkering has already moved from the planning stage to on-ground execution at DPA. On April 2, the port successfully carried out its first shore-to-ship methanol bunkering trial, validating fuel transfer systems, safety protocols and operational readiness. The exercise saw participation from industry partners including Stolt Tankers, JM Baxi, Aegis Vopak and Indian Oil Corporation Ltd, with technical verification by DNV.

The port is now building on this milestone to further expand its bunkering capabilities. Using its existing infrastructure of storage tanks, pipelines and jetties — already handling methanol as a cargo — Kandla is preparing for ship-to-ship bunkering operations in the next phase. With plans to secure the supply of up to 500 KTPA of green e-methanol by 2028–29, the port is steadily positioning itself as a future refuelling hub.

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Qantas has also reduced frequency on domestic and New Zealand routes.

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Published on May 4, 2026