ACME Group signs green ammonia and methanol offtake deals with Japanese firms under NGHM
ACME Group signed long-term offtake deals on 2 July 2026 with Japan's IHI Corporation for green ammonia and Mitsubishi Gas Chemical for green methanol, at Atal Akshay Urja Bhawan, New Delhi.
Summary
ACME Cleantech Solutions (ACME Group) signed long-term offtake deals on 2 July 2026 at Atal Akshay Urja Bhawan, New Delhi, with IHI Corporation of Japan for 4,05,000 tonnes per annum of green ammonia and with Mitsubishi Gas Chemical Company for 1,00,000 tonnes per annum of green methanol from its Paradip facility under a 10-year agreement. The ammonia deal is backed by Japan's Contract for Difference (CfD) scheme for low-carbon ammonia, administered by METI. ACME has been awarded 370 kTPA of production capacity under the SIGHT Programme of the National Green Hydrogen Mission, which was approved in January 2023 with an outlay of Rs 19,744 crore; SIGHT bids are run by the Solar Energy Corporation of India (SECI).
Key facts
- Green ammonia
- IHI Corporation, 405 kTPA; backed by Japan's CfD scheme (METI)
- Green methanol
- Mitsubishi Gas Chemical, 100 kTPA from Paradip, 10 years
- ACME SIGHT award
- 370 kTPA production capacity
- NGHM (static)
- Approved January 2023, outlay Rs 19,744 crore
- SIGHT bidding
- Solar Energy Corporation of India (SECI)
Practice MCQs 2 questions
Which Japanese company signed a long-term offtake deal with ACME Group for green ammonia on 2 July 2026?
Show answer
Correct answer: D — IHI Corporation
ACME's green ammonia deal (405 kTPA) is with IHI Corporation; the green methanol deal is with Mitsubishi Gas Chemical.
Consider the following about the National Green Hydrogen Mission: 1. The Mission was approved in January 2023 with an outlay of Rs 19,744 crore. 2. Its SIGHT Programme supports production through bidding conducted by the Solar Energy Corporation of India. Which of the statements given above is/are correct?
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Correct answer: A — Both 1 and 2
The NGHM was approved in January 2023 with an outlay of Rs 19,744 crore, and its SIGHT Programme gives financial support through transparent bidding run by SECI.