Mitsubishi Gas Chemical and ACME Group Sign Agreement for Green Methanol
3rd July 2026
Mitsubishi Gas Chemical Company, Inc. (MGC) has announced that on July 2, 2026, it entered into a purchase and sale agreement with ACME Group. In connection with the signing of this Agreement, a signing ceremony was held on the same day in the presence of the high officials from the Ministry of New and Renewable Energy (MNRE), India and the Ministry of Economy, Trade and Industry (METI), Japan
ACME Group cemented its position as a global pioneer in this space by commissioning an integrated green hydrogen and ammonia pilot plant in Rajasthan - a landmark milestone in India's clean energy journey. Further strengthening its global credentials, the Group has started the additional green ammonia project in Oman, as well as Odisha, India
Building on the momentum of its ammonia initiative, ACME has now set its sights on green methanol as its next strategic frontier, developing dedicated production infrastructure to serve this emerging market. The present agreement relates to the offtake of green methanol to be produced by a project currently under advancement in Odisha, India, forming an integral part of ACME's broader green methanol strategy
Starting from the commencement of commercial operation, scheduled for 2030, MGC will offtake approximately 100,000 tons per year of green methanol, becoming a key offtaker for the Project
By supplying green methanol - a product with reduced environmental impact - for fuel as well as a wide range of chemical applications, MGC will respond effectively to growing demand and promote methanol-based decarbonization in Japan and across Asia
MGC aims to play a pioneering role in the decarbonization of the energy and chemical sectors through “CarbopathTM”, an environmentally circular platform that MGC drives to achieve carbon recycling by producing methanol from emitted CO2, waste plastics, biomass, and other sources, and using it as fuel, raw material, and chemical feedstock
This Agreement will contribute to the stable supply of low carbon energy and materials primarily in Japan and the broader Asian region, while supporting the creation and expansion of green markets