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ACME Group Signs $1 Billion Green Methanol Deal with Japan's Mitsubishi Gas Chemical

ACME Group Signs $1 Billion Green Methanol Deal with Japan's Mitsubishi Gas Chemical
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ACME Group Signs $1 Billion Green Methanol Deal with Japan's Mitsubishi Gas Chemical

Key AspectsDetails
AgreementACME Group signs $1 billion contract with Japan's Mitsubishi Gas Chemical (MGC).
Product100,000 tonnes of green methanol annually from Paradip, Odisha.
FacilityUpcoming production plant in Paradip, Odisha.
PurposeGreen methanol to be used as marine fuel in Japan, reducing greenhouse gas emissions.
Strategic SignificanceStrengthens India-Japan bilateral cooperation in clean energy.
Alignment with Indian PolicySupports India's National Green Hydrogen Mission.
Global ComplianceComplies with EU's RFNBO standards and IMO's decarbonisation regulations.

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