ACME Group to Set Up 200 KTPA Green Methanol Facility in Odisha to Boost India’s Green Hydrogen Ambitions

ACME Group, one of India’s leading clean energy conglomerates, has announced plans to establish a Green Methanol manufacturing facility in Odisha with a production capacity of 200 kilotonnes per annum (KTPA). The initiative is part of the company’s expanding Green Hydrogen and Ammonia business and will be executed under its special project vehicle, ACME Akshya Energy Pvt Ltd, in Kendrapada district. The project is expected to generate over 1,100 direct employment opportunities.

ACME Group is partnering with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) to facilitate early implementation, with a Nodal Officer to be appointed for smooth project execution.

Speaking on the announcement, Mr. Anil Taparia, Chief Operating Officer, ACME Green Hydrogen and Ammonia Business Unit, said, “Odisha, with its strong green energy ecosystem, deep industrial infrastructure, and port access, is emerging as a key center for manufacturing green molecules, including green methanol. We are developing multiple green hydrogen and ammonia projects around Paradip and Gopalpur for both domestic and export markets. Abundant biogenic feedstock, supportive industrial policies, and low-cost renewable power make Odisha an ideal location for globally competitive green methanol production.”

Odisha is already a significant hub for ACME’s green energy investments. The company is establishing one of India’s largest Green Ammonia facilities in Gopalpur through a joint venture with Japan-based IHI Corporation, marking one of the largest foreign collaborations in India’s green hydrogen and ammonia sector. In Paradip, ACME is setting up a 2,200 metric tonnes per day green ammonia facility, backed by six Letters of Award from Solar Energy Corporation of India Ltd. (SECI) under the SIGHT Scheme Mode-2A, Tranche-I, to supply 370,000 metric tonnes per year of green ammonia to major Indian chemicals and fertilizer companies over the next decade.

Globally, the green methanol market is projected to be driven primarily by shipping decarbonisation, with maritime demand estimated at 5–10 million tonnes per year by 2030, supported by IMO targets and regulations like FuelEU Maritime. Europe is expected to account for 40–50% of import demand, with additional demand from bunkering hubs in Singapore, Japan, and South Korea. Despite announcements of numerous projects worldwide, operational capacity by 2030 is expected to remain constrained at 6–12 MTPA, indicating a tight supply-demand scenario.

With its large-scale renewable energy capacity, strategic port access, and policy support under India’s National Green Hydrogen Mission, the country is well-positioned to become a competitive exporter of green methanol. ACME’s planned projects could supply 0.5–1.0 MTPA to long-term, compliance-driven maritime markets in Europe and Asia, bolstering India’s global green hydrogen and derivative export potential.