ACME Group Secures Major Green Fuel Export Agreements with Japanese Companies
In a significant development under India's National Green Hydrogen Mission, ACME Cleantech Solutions Private Limited has secured landmark long-term offtake agreements with two leading Japanese companies. 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.
The agreements were formalized during a ceremony held at Atal Akshay Urja Bhawan, New Delhi on July 2, 2026, attended by senior officials from the Ministry of New and Renewable Energy (MNRE), representatives from the Government of Japan including the Ministry of Economy, Trade and Industry (METI), and leadership from all three companies involved.
These export-oriented 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 production, utilization, and export of green hydrogen and its derivatives. Under the Mission's Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme, ACME Group has been 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).
The IHI Corporation agreement is specifically supported by Japan's Contract for Difference (CfD) scheme for low-carbon ammonia, administered by METI, which provides price support to Japanese off-takers to ensure long-term commercial viability of such imports. The green methanol project with MGC 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, aligning with global decarbonization goals in the maritime sector.
Union Minister Pralhad Joshi welcomed Japan's decision to extend CfD subsidy support to the ACME-IHI project, stating it reflects growing global confidence in India's green hydrogen ecosystem. Secretary Santosh Kumar Sarangi highlighted that these agreements have created market linkage with Japan, demonstrated commercial maturity of India's green hydrogen sector, and established international green hydrogen value chains. Mr. Takehiko MATSUO, Vice Minister of METI, characterized the agreements as flagship outcomes 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, reinforcing long-term demand for production capacities established under the SIGHT Programme while contributing to Japan's energy transition and energy security objectives through stable supply of low-carbon fuels from India.