ACME Group Secures Landmark Green Ammonia and Methanol Offtake Deals with Japanese Companies

India’s ACME Cleantech Solutions Private Limited signed long-term offtake agreements with Japan’s IHI Corporation and Mitsubishi Gas Chemical Company for the export of green ammonia and green methanol, respectively.

• The agreements were signed under the National Green Hydrogen Mission at Atal Akshay Urja Bhawan.

National Green Hydrogen Mission

• Approved in January 2023 with an outlay of ₹19,744 crore.
• Aims to make India a global hub for the production, utilisation, and export of green hydrogen and its derivatives.
• The Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme provides financial support for green hydrogen production through competitive bidding conducted by the Solar Energy Corporation of India.
• ACME has been allocated a production capacity of 370,000 tonnes per annum (370 kTPA) under the SIGHT Programme.

Key Agreements

• ACME will supply 405,000 tonnes per annum (405 kTPA) of green ammonia to IHI Corporation.
• The agreement is supported by Japan’s Contract for Difference (CfD) scheme for low-carbon ammonia, administered by the Ministry of Economy, Trade and Industry, which provides price support to Japanese buyers.
• ACME also signed a 10-year agreement with Mitsubishi Gas Chemical Company to supply 100,000 tonnes per annum (100 kTPA) of green methanol from its Paradip facility.
• The project is designed to meet the European Renewable Fuels of Non-Biological Origin (RFNBO) requirements and International Maritime Organization standards for cleaner marine fuels.

Green Ammonia

• Ammonia is widely used in the manufacture of fertilisers.
• Green ammonia is produced using renewable energy and green hydrogen, making the production process carbon-free.

Green Methanol

• Methanol (CH₃OH) is the simplest alcohol and is water-soluble and biodegradable.
• Green methanol is produced using renewable energy and low-carbon processes, resulting in minimal greenhouse gas emissions.
• It is increasingly used as a clean marine fuel and industrial feedstock.

Source: PIB

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