New 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.
Shri Santosh Sarangi, Secretary, Ministry of New and Renewable Energy (MNRE), played a central role in a major advancement for the India–Japan clean energy partnership today at Atal Akshay Urja Bhawan in New Delhi.
Under his guidance, the event solidified India’s growing position as a dependable exporter of clean fuels to international markets.
His presence alongside his Japanese counterpart, Vice Minister Takehiko Matsuo, underscored the high-level government backing driving this bilateral economic cooperation.
By witnessing the landmark agreements signed between India’s ACME Group and Japan’s IHI Corporation and Mitsubishi Gas Chemical Company, Sarangi helped validate a massive commercial breakthrough for the National Green Hydrogen Mission.
For MNRE and Shri Sarangi, this moment represents the commercial maturity of the domestic green hydrogen ecosystem that India has been actively building.
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.
The binding offtake agreements for green ammonia and green methanol are among the largest ever origin commitments from India to Japan.
By helping secure these long-term market linkages, Shri Sarangi and MNRE are effectively boosting global investor confidence in Indian green energy, proving that the nation can simultaneously support international decarbonization goals and enhance global energy security.