en.Wedoany.com Reported - Agastya Green Fuels Private Limited has signed a long-term green methanol offtake agreement with SAR Maritime Agencies, committing to supply 250,000 tons per year of green methanol compliant with the EU RFNBO RED III standards.

The green methanol will be supplied from the Agastya Green Fuels hub at Mulapeta Port in Andhra Pradesh, where the company plans to develop an export-oriented green methanol facility with an annual capacity of 1 million tons. The project is expected to involve an investment of $6 billion over the next six years. Additionally, both parties will jointly develop infrastructure for green methanol storage, bunkering, and marine fuel operations in Sri Lanka.

Agastya Green Fuels, a subsidiary of the Agastya Group, focuses on renewable fuel infrastructure, producing green methanol, green hydrogen, and other sustainable energy solutions.

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