Mitsubishi Gas Chemical has signed a long-term agreement to offtake approximately 100,000 tons of green methanol annually from ACME Group’s upcoming facility in Odisha, India, starting in 2030. Backed by high-level government support from Japan and India, the partnership aims to supply ultra-low carbon fuel to help decarbonize maritime shipping and heavy industries across Asia and global markets.
Tokyo, Japan | July 3, 2026 – In a landmark development for the global clean energy transition, Mitsubishi Gas Chemical Company, Inc. (MGC) has entered into a definitive purchase and sale agreement with ACME Group for the large-scale offtake of green methanol.
The agreement was finalized in a high-level signing ceremony held in the presence of senior officials from India’s Ministry of New and Renewable Energy (MNRE) and Japan’s Ministry of Economy, Trade and Industry (METI), underscoring the strong bilateral cooperation between the two nations in advancing sustainable energy corridors.
Scaling Green Methanol Production in Odisha, India
Under the terms of the agreement, MGC will secure approximately 100,000 tons per year of green methanol from an upcoming production facility currently being developed by ACME Group in Odisha, India. Commercial operations for the project are slated to commence in 2030, establishing MGC as a premier anchor offtaker.
The green methanol supplied through this project will feature ultra-low carbon intensity, engineered to fully comply with stringent European Union regulations and upcoming International Maritime Organization (IMO) mandates.
By integrating this low-carbon feedstock into its supply chains, MGC aims to effectively respond to escalating market demand, driving methanol-based decarbonization across fuel and chemical applications in Japan and the broader Asian region.
Executive Perspectives on Strategic Decarbonization
Highlighting the significance of the partnership, Anil Kumar Taparia, Chief Executive Officer of the Green Molecule Business at ACME Group, stated:
“This agreement marks an important milestone in ACME’s journey to build a globally competitive green methanol business and accelerate the transition to sustainable fuels and chemicals. We are proud to partner with MGC, a globally respected leader in the methanol industry, to advance the commercialization of green methanol at scale.”
Taparia added that the collaboration leverages ACME’s core expertise in renewable energy and green hydrogen alongside MGC’s deep technical and market experience in methanol, creating a robust framework to support hard-to-abate sectors like maritime shipping and heavy chemicals.
Hideaki Akase, Managing Executive Officer of the Green Energy & Chemicals Business Sector at MGC, commented:
“The green methanol that MGC will offtake under this contract will have the ultra-low carbon intensity compliant with EU regulations and future IMO regulations, alongside an attractive price to the green market. We are confident that this green methanol has the power to significantly transform not only Japan or Asia but also the global green chemical and green energy markets.”
Driving the Circular Economy Through “Carbopath”
For MGC, the agreement aligns directly with its proprietary “Carbopath” platform, an environmentally circular framework designed to achieve carbon recycling. By producing methanol from captured carbon dioxide, waste plastics, and biomass, and utilizing it as an industrial chemical feedstock and marine fuel, MGC is actively paving the way toward a net-zero future.
About ACME Group
ACME Group is a global pioneer in green molecules and renewable energy infrastructure. Having successfully commissioned an integrated green hydrogen and ammonia pilot plant in Rajasthan, India, and expanded its international footprint with major green ammonia developments in Duqm, Oman and Odisha, India, the company is at the forefront of decarbonizing heavy industries, fertilizers, and global shipping.
About Mitsubishi Gas Chemical (MGC)
Guided by its corporate mission, “Creating value to share with society,” MGC is a globally recognized leader in chemistry and materials. The company continues to pioneer sustainable technologies across methanol value chains, championing carbon recycling and low-carbon energy solutions to support global decarbonization.
Source: MGC