LIVE TV DownloadNews18 App
News18 English
»
2-min read

Plan to Make Methanol as Fuel for Maritime Transport: Nitin Gadkari

Methanol, which costs Rs 22 per litre, can be manufactured in India, but new technology was needed for the initiative, Union minister Nitin Gadkari said.

PTI

Updated:February 26, 2018, 6:10 PM IST
facebookTwittergoogleskypewhatsapp
Plan to Make Methanol as Fuel for Maritime Transport: Nitin Gadkari
File photo of Union Minister Nitin Gadkari.
Loading...
Chennai: The Centre on Monday said it planned to make methanol the fuel for all maritime transport, on account of lesser costs and pollution, compared to diesel.

The fuel, which costs Rs 22 per litre, can be manufactured in India, but new technology was needed for the initiative, Union minister Nitin Gadkari said.

He pointed to the example of China, where methanol cost just Rs 17 per litre.

"In China it is Rs 17 per litre. Rs 22 per litre of methanol (in India) is equal to one litre of diesel, which is Rs 60 today. Compared to diesel there is very less pollution (from methanol) also", the union minister for Road Transport, Highways and Shipping said.

He was speaking after unveiling a plaque as part of the foundation laying stone ceremony for the National Technology Centre for Ports, Waterways and Coasts in joint collaboration with IIT Madras.

"We are making a four multi-modal hub -- Varanasi, Haldia, Sagarganj, Sahibganj (across river Ganga) And at 60 river ports, we plan to use methanol as fuel", Gadkari said.

Gadkari said the government has decided to convert 111 rivers into waterways with a length of 20,000 kilometres.

"For that we need technical assistance. That is one of the reasons today for the formation of National Technology Centre for Ports, Waterways and Coasts is very very important. It can give us good technology of international standards and it can save costs", he said.

The Centre, to come up at nearby Thaiyur, would be an institute for technological innovations and evolution of new ideas and breakthroughs for the port and maritime sector.

Of the total Rs 70 crore investment, Rs 30 crore would be contributed by Ministry of Shipping, Rs 15.87 crore by the Indian Waterways Authority of India (IWAI) and Rs 19.40 crore by big ports operating in the country, IIT Madras, Department of Ocean Engineering, Prof. K Murali said

"The construction activity is set to begin by June. We expect it to become fully operational by end of 2019. It is coming up on a four acre land at Thaiyyur", he said.

A website www.Ntcpwc.Iitm.Ac.In with details of the Technology Centre and the projects planned was also unveiled on the occasion.

More from Website Aadhaar Helped Cancel 3 Crore Fake, Duplicate Ration Cards, Saved The Country Rs 17,000 Crore Annually: Minister Aadhaar Helped Cancel 3 Crore Fake, Duplicate Ration Cards, Saved The Country Rs 17,000 Crore Annually: Minister Siddaramaiah Govt Working Only On 3 D's - Dhoka, Dadagiri & Dynasty Politics: Amit Shah Siddaramaiah Govt Working Only On 3 D's - Dhoka, Dadagiri & Dynasty Politics: Amit Shah NGT Directs Actor-Turned-MP Hema Malini To Ensure Removal Of Debris Lying On The Banks Of Yamuna NGT Directs Actor-Turned-
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
HDFC Bank 2,276.15 -0.99
Reliance 1,341.75 -2.45
Maruti Suzuki 6,552.70 -1.81
Yes Bank 252.60 0.18
Axis Bank 757.05 0.17
Company Price Change %Gain
UPL 934.00 -0.08
Axis Bank 757.35 0.24
Cipla 526.85 -1.17
Motherson Sumi 146.05 -7.06
SpiceJet 98.10 7.04
Top Gainers
Company Price Change %Gain
NTPC 134.65 4.18
Larsen 1,394.70 1.74
JSW Steel 285.75 1.22
Asian Paints 1,471.25 1.04
Hindalco 209.10 0.94
Company Price Change %Gain
NTPC 134.05 3.67
Larsen 1,394.00 1.54
Asian Paints 1,470.70 1.08
Tata Steel 518.15 0.90
Power Grid Corp 198.50 0.53
Top Losers
Company Price Change %Gain
Bharti Infratel 316.10 -2.75
Tata Motors 175.40 -2.66
BPCL 378.95 -2.62
HPCL 268.35 -2.45
Reliance 1,341.75 -2.45
Company Price Change %Gain
Tata Motors 175.40 -2.47
Reliance 1,342.10 -2.44
Maruti Suzuki 6,558.00 -1.84
SBI 298.10 -1.76
Bajaj Finance 2,836.85 -1.23

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results