ACME Green Molecules signs long-term green methanol supply deal with Japan’s Mitsubishi Gas Chemical
Type: Supply Agreement · Technology: Hydrogen · Country: India · Value: $1B · Announced: 2026-07-03
ACME Green Molecules Business, a part of the ACME Group, has signed a binding long-term purchase and sale agreement with Japan’s Mitsubishi Gas Chemical Co. (MGC) to supply 100,000 tonnes of green methanol annually. The estimated investment in this long-term agreement is around $1 billion. This agreement marks the renewable fuels of non-biological origin (RFNBO)-compliant green marine fuel collaboration by an Indian company. The green methanol will have ultra-low carbon intensity compliant with EU and future IMO regulations, and will be produced at ACME's green methanol facility at Paradip in Odisha. This partnership aims to accelerate the transition to sustainable fuels and chemicals in marine and aviation sectors.
Counterparties
- ACME Green Molecules Business (Supplier)
- Mitsubishi Gas Chemical Co (Offtaker)
- ACME Group (Parent Company)