ACME, Mitsubishi Gas Chemical Green Methanol Deal

ACME Green Molecules, a subsidiary of ACME Group, has signed a binding long-term purchase and sale agreement worth $1 billion with Japan's Mitsubishi Chemical Group. Under this agreement, ACME will supply 100,000 tonnes of green methanol annually from its plant in Paradip, India — Odisha, India. This collaboration marks India's first RFNBO-compliant green marine fuel partnership and is a significant step towards accelerating the transition to sustainable fuels in the marine and aviation sectors. Green methanol is gaining traction as a viable alternative to conventional marine fuels due to its lower carbon emissions and compatibility with existing infrastructure. The deal also highlights the growing clean energy partnership between India and Japan, with India positioning itself as a key exporter of green hydrogen derivatives.