Novel Biofuels, ACTUAL, and Maharashtra presented the largest planned supply position on a corridor anchored by India’s 7Mt/yr green methanol export potential
SINGAPORE, June 1, 2026 /EINPresswire.com/ — Novel Biofuels, ACTUAL, and the Government of Maharashtra announced a commitment of more than one million tonnes of biomethanol available from 2030 to serve global shipping lines seeking secure, long-term access to clean maritime fuel. The announcement was made on April 21 during Singapore Maritime Week 2026.
The commitment establishes the largest contracted supply position on the IndiaâSingapore Green Shipping Corridor, a route on which industrial-scale supply at this volume has until now been absent.
The event convened officials with direct authority over the corridor on both sides: Vijay Kumar, Secretary, Ministry of Ports, Shipping and Waterways, Government of India; Dr. Shilpak Ambule, High Commissioner of India to Singapore; Dr. P. Anbalagan, IAS, Principal Secretary (Industries), Government of Maharashtra; and Tan Hoe Soon, Assistant Chief Executive (Strategy), Maritime and Port Authority of Singapore.
According to a study conducted by RMI, an independent U.S.-headquartered global think-tank, the RotterdamâVOCâSingapore corridor could support a combined demand of 7 million tonnes per year (MTPA) of green methanol by 2030.
THE PROJECT: INDIA’S FIRST SOVEREIGN FUEL CORRIDOR
The Novel Gadchiroli Biomethanol Project, co-developed by Novel Biofuels and ACTUAL with the formal backing of the Government of Maharashtra, is India’s first sovereign fuel corridor: a MaharashtraâSingapore biomethanol supply route delivering a minimum of 1 MTPA of sovereign biomethanol from 2030.
Fuel pathway. Bamboo biomass gasification to methanol, using Tier 1 technology. Front-end engineering and design (FEED) is underway in 2026.
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