en.Wedoany.com Reported - The ACME Group has signed long-term offtake agreements with Japan's IHI Corporation and Mitsubishi Gas Chemical Company for green ammonia and green methanol, marking a significant development under India's National Green Hydrogen Mission (NGHM).

The National Green Hydrogen Mission (NGHM), approved in January 2023 with an allocation of INR 19,744 crore, aims to establish India as a hub for the production, utilization, and export of green hydrogen and its derivatives. Under this mission, the Strategic Interventions for Green Hydrogen Transition (SIGHT) program provides financial support for production through a bidding process implemented by the Solar Energy Corporation of India (SECI). The ACME Group secured a production capacity of 370,000 tons per annum (370 kTPA) under the SIGHT program, laying the foundation for these export agreements.

Under the agreement with IHI Corporation, ACME will supply a total of 405,000 tons per annum (405 kTPA) of green ammonia. This arrangement is supported by Japan's Ministry of Economy, Trade and Industry (METI) Contract for Difference (CfD) program for low-carbon ammonia, which provides price support to Japanese offtakers, ensuring long-term commercial viability. ACME has also signed a 10-year agreement with Mitsubishi Gas Chemical Company to supply 100,000 tons per annum (100 kTPA) of green methanol from its Paradip plant. The project aligns with global decarbonization goals, particularly in the maritime sector, and aims to meet the European Renewable Fuels of Non-Biological Origin (RFNBO) requirements and the International Maritime Organization (IMO) standards for clean marine fuels.

At the signing ceremony, Union Minister for New and Renewable Energy and Consumer Affairs, Food and Public Distribution, Shri Pralhad Joshi, welcomed Japan's decision to extend CfD subsidy support to the ACME-IHI green hydrogen project. He stated that this reflects growing global confidence in India's green hydrogen ecosystem and India's emergence as a trusted partner in the global clean energy transition; under the leadership of Prime Minister Narendra Modi, the National Green Hydrogen Mission is creating a robust and future-ready ecosystem, attracting global investment, establishing international partnerships, and opening new markets for Indian green hydrogen and its derivatives. Secretary of the Ministry of New and Renewable Energy, Shri Santosh Kumar Sarangi, noted that these agreements achieve three key outcomes: establishing market linkages with Japan and enhancing investor confidence; demonstrating that the green hydrogen sector is moving toward commercial maturity, positioning Indian clean fuels as reliable suppliers to global markets; and creating an international green hydrogen and green ammonia value chain. METI Vice-Minister Takehiko MATSUO described these agreements as landmark achievements in India-Japan clean energy cooperation.

These agreements represent one of the largest committed offtake volumes of green ammonia and green methanol from India to Japan to date, highlighting the commercial maturity of India's green hydrogen ecosystem and solidifying long-term demand for the production capacity established under the SIGHT program. These partnerships also contribute to Japan's energy transition and energy security goals by ensuring a stable supply of low-carbon fuels from India. The agreements were signed in the presence of senior officials from the Ministry of New and Renewable Energy (MNRE), representatives of the Japanese government (including METI), and leadership from the ACME Group, IHI Corporation, and MGC.