ACME Green Molecules has signed a $1 billion binding long-term purchase and sale agreement with Japan’s Mitsubishi Gas Chemical Company, Inc. The deal, announced on July 3, 2026, involves supplying 100,000 tonnes of green methanol annually from ACME’s 200 kilo tonne per annum plant under development in Paradip, Odisha, marking a significant step in India’s green fuel sector, according to livemint.com.
The agreement formalizes ACME’s commitment to deliver green methanol, a sustainable marine fuel alternative, to Mitsubishi Gas Chemical. Anil Taparia, COO at ACME Green Hydrogen and Ammonia Business Unit, highlighted the plant’s capacity and the strategic importance of this collaboration. The supply will focus on replacing conventional marine fuels such as Heavy Fuel Oil and Very Low Sulphur Fuel Oil with a lower carbon dioxide emissions option, per livemint.com.
Green methanol is emerging as a commercially viable substitute for traditional marine fuels, aligning with global efforts to reduce carbon emissions in shipping. The deal positions ACME as a key player in India’s renewable energy transition and supports the country’s National Green Hydrogen Mission. This agreement is among the largest in the green fuel sector in India, reflecting growing international demand for sustainable marine fuel alternatives, according to livemint.com.
ACME’s Paradip plant is expected to become operational soon, enabling the company to begin fulfilling the contract with Mitsubishi Gas Chemical. The long-term nature of the agreement underscores the growing market for renewable fuels and India’s expanding role in green energy exports, as detailed by livemint.com.