Under the agreements, ACME will supply 405,000 tonnes of green ammonia annually to IHI Corp. and 100,000 tonnes of green methanol each year to Mitsubishi Gas Chemical Co.
ACME Cleantech Solutions has signed long‑term offtake agreements with Japan’s IHI Corporation and Mitsubishi Gas Chemical Co. (MGC), marking a major milestone under India’s National Green Hydrogen Mission.
Under the deal with IHI, ACME will supply 405,000 tonnes per annum (405 kTPA) of green ammonia, supported by Japan’s Contract for Difference (CfD) scheme for low‑carbon ammonia administered by METI. This mechanism ensures commercial viability by providing price support to Japanese buyers.
ACME has also entered a ten‑year agreement with MGC for 100,000 tonnes per annum (100 kTPA) of green methanol from its Paradip facility. The project is aligned with global decarbonisation goals, particularly in maritime transport, and meets European Renewable Fuels of Non-Biological Origin (RFNBO) requirements and International Maritime Organization (IMO) standards for cleaner marine fuels.
Union Minister for New & Renewable Energy, Pralhad Joshi, noted, “I welcome Japan’s decision to extend its CfD subsidy support to the ACME‑IHI Green Hydrogen project. It reflects the growing global confidence in India’s green hydrogen ecosystem and our emergence as a trusted partner in the global clean energy transition.”
The National Green Hydrogen Mission, launched in January 2023 with an outlay of ₹197.44 billion, aims to position India as a global hub for green hydrogen and derivatives. ACME has been awarded 370,000 tonnes per annum (370 kTPA) of production capacity under the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme, forming the foundation for these export‑oriented agreements.
Mission Outcomes
In his address, MNRE Secretary Santosh Kumar Sarangi said the agreements have delivered three key outcomes for the National Green Hydrogen Mission. “These agreements have created a market linkage with Japan for green ammonia and green methanol, giving confidence to investors. They demonstrate that the green hydrogen sector is becoming commercially mature, with Indian clean fuels now positioned as reliable suppliers to the global market. And they have led to the development of international green hydrogen and green ammonia value chains.”
METI Vice Minister Takehiko Matsuo added, “The agreements are the flagship outcome of deepening India-Japan cooperation in clean energy.”
These deals represent one of the largest green ammonia and methanol commitments from India to Japan, reinforcing the commercial maturity of India’s green hydrogen ecosystem and supporting Japan’s energy transition and security goals.
The agreements were announced amid the ongoing state visit of Japanese Prime Minister Takaichi Sanae, highlighting the strategic depth of India-Japan clean energy cooperation.