Acme Signs 10-Year Offtake Agreement with Mitsubishi Gas Chemical for 100,000 Tons/Year of e-Methanol, Also Partners with IHI for 488,000 Tons/Year Renewable Ammonia

July 12, 2026

Argus Media India

Overview

Indian renewables developer Acme has signed a 10-year off-take agreement with Japan’s Mitsubishi Gas Chemical (MGC) to supply 100,000 tonnes per year of renewable hydrogen-based e-methanol. The e-methanol will meet EU RFNBO and International Maritime Organisation standards. Acme also secured off-take agreements with IHI for 488,000 t/yr of renewable ammonia, partly subsidized by Japan’s contracts-for-difference scheme.

In Depth

Key Findings

Acme, an Indian renewable energy developer, has secured a 10-year long-term off-take agreement with Japan’s Mitsubishi Gas Chemical (MGC) to supply 100,000 tonnes per year of renewable hydrogen-based e-methanol. This e-methanol will comply with both the EU’s Renewable Fuels of Non-Biological Origin (RFNBO) requirements and the stringent International Maritime Organisation (IMO) standards for cleaner marine fuels. Concurrently, Acme has also inked off-take agreements with Japan’s IHI for 488,000 tonnes per year of renewable ammonia, with a portion subsidized by Japan’s contracts-for-difference (CfD) scheme.

Technical / Clinical Details

e-Methanol Production: Acme will produce e-methanol by combining hydrogen derived from renewable electricity with captured CO2. This process achieves significant CO2 emission reductions compared to fossil fuel-derived methanol.
Compliance with International Standards: The e-methanol’s compliance with EU RFNBO requirements suggests its potential for export to European markets, while adherence to IMO standards signifies its importance as a fuel for decarbonizing the shipping industry.
Renewable Ammonia: The agreement with Japan’s IHI involves a substantial supply of 488,000 tonnes per year of renewable ammonia. Ammonia is gaining recognition not only as a fuel but also as an efficient carrier for hydrogen, highlighting its versatility in a decarbonized society. Japan’s CfD scheme aims to mitigate economic risks for renewable energy projects and stimulate investment.

Background & Context

The global chemical and shipping industries are facing aggressive decarbonization targets, leading to a rapid surge in demand for clean fuels like e-methanol and renewable ammonia. India, with its abundant renewable energy resources, is striving to become a leading producer of these clean fuels. These off-take agreements with Japanese corporations represent a critical step in building robust clean energy supply chains across Asia.

Strategic Significance & Outlook

These multi-year off-take agreements between Acme and leading Japanese companies will accelerate the growth of India’s clean energy industry and contribute significantly to global decarbonization efforts. Particularly, the stable supply of fuels compliant with international emission regulations is indispensable for the sustainable future of the shipping industry. These contracts serve as crucial examples of how renewable energy and clean fuels are playing an increasing role in international trade and industrial decarbonization.

Source: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2847332-acme-signs-100-000-t-yr-e-methanol-offtake-with-mgc

Get our weekly technology intelligence — free

Receive an infographic that lets you judge at a glance whether each field’s analysis report is worth reading.

Subscribe Free — Weekly Tech Intelligence

By subscribing, you’ll receive Troy-Technical’s weekly technology intelligence newsletter.