ACME Cleantech Solutions Private Limited (ACME Group) has secured landmark long-term offtake agreements with two leading Japanese companies for green hydrogen derivatives, representing a significant milestone under India's National Green Hydrogen Mission. The company signed a deal with IHI Corporation for the supply of 405,000 tonnes per annum (405 kTPA) of green ammonia and a separate 10-year agreement with Mitsubishi Gas Chemical Company, Inc. (MGC) for the supply of 100,000 tonnes per annum (100 kTPA) of green methanol from its Paradip facility.
These agreements are supported by India's National Green Hydrogen Mission, which was approved in January 2023 with an outlay of ₹19,744 crore to position India as a global hub for green hydrogen production, utilization, and export. Under the Mission's Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme, ACME Group was awarded a production capacity of 370,000 tonnes per annum (370 kTPA) through a transparent bidding process conducted by the Solar Energy Corporation of India (SECI), forming the foundation for these export-oriented agreements.
The IHI Corporation arrangement is specifically supported by Japan's Contract for Difference (CfD) scheme for low-carbon ammonia, administered by METI (Ministry of Economy, Trade and Industry), which provides price support to Japanese off-takers to ensure long-term commercial viability of such imports. The green methanol project with MGC is aligned with global decarbonization goals, particularly in the maritime sector, and is designed to meet European Renewable Fuels of Non-Biological Origin (RFNBO) requirements as well as International Maritime Organization (IMO) standards for cleaner marine fuels.
Union Minister for New & Renewable Energy and Consumer Affairs & Food and Public Distribution, Shri Pralhad Joshi, welcomed Japan's decision to extend its CfD subsidy support to the ACME-IHI project, noting it reflects growing global confidence in India's green hydrogen ecosystem. Secretary Ministry of New & Renewable Energy, Shri Santosh Kumar Sarangi, highlighted that these agreements have created market linkage with Japan for Green Ammonia and Green Methanol, demonstrated commercial maturity of India's Green Hydrogen sector, and established international green hydrogen and green ammonia value chains.
Mr. Takehiko MATSUO, Vice Minister METI, Government of Japan, stated that the agreements represent the flagship outcome of deepening India–Japan cooperation in clean energy. These deals represent one of the largest green ammonia and methanol offtake commitments from India to Japan to date and underscore the growing commercial maturity of India's green hydrogen ecosystem while reinforcing long-term demand for production capacities established under the SIGHT Programme.