**Executive Summary**
On July 2, 2026, ACME Group signed landmark long-term offtake agreements with Japanese firms IHI Corporation and Mitsubishi Gas Chemical Company (MGC) for the supply of green ammonia and green methanol. These deals, facilitated under India’s National Green Hydrogen Mission, establish international market linkages and reinforce India’s position as a global green fuel exporter. The agreements include a 10-year supply contract for methanol and leverage Japan’s "Contract for Difference" subsidy scheme to ensure commercial viability.
**Key Points / Main Content**
**Offtake Agreement Specifications**
* **Green Ammonia:** ACME will supply 405,000 tonnes per annum (405 kTPA) to IHI Corporation.
* **Green Methanol:** ACME signed a 10-year agreement to supply 100,000 tonnes per annum (100 kTPA) to MGC from its Paradip facility.
* **Standards Compliance:** The methanol project is designed to meet European Renewable Fuels of Non-Biological Origin (RFNBO) requirements and International Maritime Organization (IMO) standards for marine fuels.
**National Green Hydrogen Mission (NGHM) Framework**
* **Funding:** The mission operates with a total outlay of ₹19,744 crore to promote the production and export of green hydrogen derivatives.
* **SIGHT Programme:** Financial support is provided through the Strategic Interventions for Green Hydrogen Transition (SIGHT) bidding process conducted by SECI.
* **Capacity Award:** ACME Group was previously awarded a production capacity of 370,000 tonnes per annum under the SIGHT Programme.
**International Cooperation and Financial Support**
* **Japan’s CfD Scheme:** The ACME-IHI deal is supported by Japan’s Contract for Difference (CfD) scheme, administered by METI, which provides price support to Japanese off-takers.
* **Strategic Partnership:** The agreements represent a deepening of India-Japan cooperation in clean energy and contribute to Japan’s energy security and transition goals.
**Impact Analysis**
**ACME Group**
* **Impact:** Secures long-term commercial viability for its production facilities and validates its capacity awarded under the SIGHT Programme.
* **Action Required:** Commencing and maintaining production to meet the specified supply volumes (405 kTPA ammonia; 100 kTPA methanol) while adhering to international RFNBO and IMO standards.
**Japanese Companies (IHI Corporation and Mitsubishi Gas Chemical Company)**
* **Impact:** Gains a stable, long-term supply of low-carbon fuels to meet decarbonization goals, particularly in the maritime sector.
* **Action Required:** Utilize METI’s CfD subsidy scheme to manage price differences and integrate these green derivatives into their respective energy and chemical value chains.
**Government of India (Ministry of New and Renewable Energy)**
* **Impact:** Achieves key NGHM milestones by creating international market linkages and demonstrating the commercial maturity of the Indian green hydrogen ecosystem.
* **Action Required:** Continue monitoring the SIGHT Programme's implementation and fostering international bilateral partnerships to attract further global investment.
Key Entities Referenced
National Green Hydrogen Mission (NGHM): A national framework and policy document aiming to position India as a global hub for the production, utilization, and export of green hydrogen and its derivatives.
Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme: A flagship financial support initiative under NGHM that provides incentives for green hydrogen production through transparent bidding processes.
Ministry of New and Renewable Energy (MNRE): The nodal Indian ministry responsible for the leadership, oversight, and implementation of the National Green Hydrogen Mission.
ACME Cleantech Solutions Private Limited (ACME Group): The lead Indian private entity that secured landmark export-oriented offtake deals for green ammonia and methanol with Japanese corporations.
Contract for Difference (CfD) scheme: A price support mechanism administered by Japan’s METI to ensure the long-term commercial viability of low-carbon fuel imports from India.
Ministry of New and Renewable Energy
India Advances Global Green Hydrogen
Leadership under National Green Hydrogen
Mission
ACME Group Secures Landmark Green Ammonia and
Methanol Offtake Deals with Japanese Companies
प्रव तथ: 02 JUL 2026 7:28PM by PIB Delhi
In a significant milestone under the National Green Hydrogen Mission (NGHM), ACME Cleantech
Solutions Private Limited (ACME Group) today secures long-term offtake deal with leading Japanese
companies—IHI Corporation for Green Ammonia and Mitsubishi Gas Chemical Company, Inc. (MGC)
for Green Methanol during a ceremony held at Atal Akshay Urja Bhawan, New Delhi.
The National Green Hydrogen Mission, approved in January 2023 with an outlay of ₹19,744 crore, aims
to position India as a global hub for the production, utilisation, and export of green hydrogen and its
derivatives. Under the Mission, the Strategic Interventions for Green Hydrogen Transition (SIGHT)
Programme provides financial support for production through a transparent bidding process conducted by
the Solar Energy Corporation of India (SECI). ACME Group has been awarded a production capacity of
3,70,000 tonnes per annum (370 kTPA) under the SIGHT Programme, forming the foundation for these
export-oriented agreements.
Under the deal with IHI Corporation, ACME will supply a total of 4,05,000 tonnes per annum (405 kTPA)
of green ammonia. This arrangement is supported by Japan’s Contract for Difference (CfD) scheme for
low-carbon ammonia, administered by METI, which provides price support to Japanese off-takers, thereby
ensuring the long-term commercial viability of such imports.
ACME has also signed a 10-year agreement with Mitsubishi Gas Chemical Company, Inc. for the supply
of 1,00,000 tonnes per annum (100 kTPA) of green methanol from its Paradip facility. The project is
aligned with global decarbonisation 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.
“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. Under the leadership of Prime Minister Shri Narendra
Modi ji, the National Green Hydrogen Mission is creating a strong and future-ready ecosystem. It is
attracting global investments, building international partnerships, and opening new markets for Indian
green hydrogen and its derivatives, said Union Minister for New & Renewable Energy and Consumer
Affairs & Food and Public Distribution, Shri Pralhad Joshi.During his address, Secretary Ministry of New & Renewable Energy, Shri Santosh Kumar Sarangi said
that from the perspective of the Mission, these agreements have delivered three key outcomes-they have
created a market linkage with Japan for Green Ammonia and Green Methanol giving confidence to
investors, it has shown that Green Hydrogen sector is becoming commercially mature with Indian clean
fuels now being positioned as a reliable suppliers to global market and, creation of international green
hydrogen and green ammonia value chains.
Mr. Takehiko MATSUO, Vice Minister METI, Government of Japan also addressed the event stating that
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 offtake commitments from India to
Japan to date. They underscore the growing commercial maturity of India’s green hydrogen ecosystem and
reinforce long-term demand for production capacities established under the SIGHT Programme. The
partnerships also contribute to Japan’s energy transition and energy security objectives by ensuring a
stable supply of low-carbon fuels from India.
ACME Group presented project overviews followed by the formal signing of agreements. Agreements
were signed in the presence of 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 ACME Group, IHI Corporation, and MGC.Under the visionary leadership of Hon'ble Prime Minister Shri @narendramodi,
India's #GreenHydrogen Mission continues to achieve new milestones.
The landmark signing of offtake agreements by ACME with Japan's IHI
Corporation and Mitsubishi Gas Chemical marks a significant step… pic.twitter.c
om/auNmHkuBuK
— Pralhad Joshi (@JoshiPralhad) July 2, 2026
****
Nihi Sharma
(रलीज़ आईडी: 2280506) आगंतुक पटल : 906
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