Bharatia and Carbon Iceland Sign Master Collaboration Agreement to Advance India’s Green Methanol Economy

New Delhi , Reykjavik | 25 January 2026

Bharatia has entered into a Master Collaboration Agreement (MCA) with Carbon Iceland to jointly develop green methanol projects in India, marking a significant milestone in the creation of scalable and investable green fuel infrastructure in the country.

The collaboration brings together Bharatia’s project development, financing, and platform-building capabilities with Carbon Iceland’s advanced green methanol technology and execution expertise. The shared objective is to develop First-of-a-Kind (FOAK) projects that can be rapidly replicated into Nth-of-a-Kind (NOAK) deployments through institutional capital and standardised project structures.

Green Methanol as a Strategic Opportunity for India

Green methanol is increasingly recognised as a critical fuel for decarbonising hard-to-abate sectors such as shipping, chemicals, refining, and heavy industry. For India, it represents both a credible pathway to emissions reduction and a new industrial growth opportunity aligned with energy security, export competitiveness, and domestic manufacturing.

Through this MCA, Bharatia and Carbon Iceland aim to move beyond pilots and demonstrations and focus on creating projects that are commercially credible, bankable, and capable of scaling.

Project Archetype and Economic Impact

The initial project archetype being developed under the collaboration is envisaged to include:

• A first plant with production capacity of approximately 300,000 tonnes per annum of green methanol

• An estimated economic multiplier of approximately USD 7.5 for every USD 1 invested, driven by employment generation, supply-chain development, and downstream industrial activity

• Strong potential to catalyse further investments across the value chain, including:

  • Renewable energy generation

  • Transmission and grid infrastructure

  • Methanol pipelines, storage, and logistics

Rather than acting as standalone assets, such projects are intended to anchor a broader green methanol ecosystem and unlock sustained economic and industrial value.

From Commercial Pilots to Scale

The MCA establishes a structured framework designed to move decisively beyond commercial pilots. It enables development capital to be recycled and long-term institutional capital to be mobilised by making projects investable at scale.

Under the collaboration:

• Bharatia will lead on project development, financing structures, stakeholder engagement, and alignment with India’s policy and market landscape.

• Carbon Iceland will contribute advanced technology, engineering depth, and operational expertise to support efficient and scalable deployment.

Building India’s Green Methanol Platform

Importantly, the collaboration sits within Bharatia’s broader platform-led approach to climate and energy transition infrastructure. While specific projects will be developed through joint project vehicles, Bharatia will continue to work at the ecosystem level to:

• Develop markets for green methanol,

• Introduce additional technologies and partners into India, and

• Support a competitive, resilient, and scalable green fuels landscape.

Together, Bharatia and Carbon Iceland aim to help position India as a global hub for green methanol production, consumption, and export, anchored in projects that are commercially credible and capable of scaling.

Further updates will follow as the collaboration progresses from agreement to execution.

Notes to Editors

About Bharatia

Bharatia is an impact accelerator and project development platform focused on designing and scaling First-of-a-Kind projects across climate, environment, and sustainability sectors in India and the Global South. Bharatia operates at the intersection of policy, technology, and finance to deliver investable impact at scale.

The non-profit Foundation is underpinned by three commercial enterprise arms:

• Technology Commercialisation

• Project Development

• Investment Management

In November 2025, Bharatia launched the India–Iceland SITE Network (SITE: Science, Innovation, Technology and Economics) to strengthen structured commercial linkages between India and Iceland. This collaboration with Carbon Iceland represents the first initiative under the India–Iceland SITE Network. www.bharatia.org

About Carbon Iceland

Carbon Iceland is a development company focused on creating scalable solutions for capturing CO₂ from industrial emissions and converting it into eFuels—primarily eMethanol. Its approach combines captured CO₂ with green hydrogen to produce low-carbon fuels at industrial scale.

Leveraging Iceland’s renewable energy base, industrial expertise, and close collaboration with technology providers, industrial partners, and public stakeholders, Carbon Iceland develops commercially viable green fuel projects. The company acts as a project developer and integrator, bridging technology, infrastructure, and finance to accelerate the transition from concept to bankable projects and long-term operations. www.carboniceland.is