New Delhi, The National Green Hydrogen Mission is attracting global investments, building international partnerships, and opening new markets for Indian green hydrogen and its derivatives, Union Minister Pralhad Joshi said on Tuesday.
The initiative under Prime Minister Narendra Modi is creating a strong and future-ready ecosystem, the Minister for New and Renewable Energy (MNRE) said.
“I welcome Japan’s decision to extend its CfD subsidy support to the ACME-IHI Green Hydrogen project. It reflects the growing global confidence in India’s green hydrogen ecosystem and our emergence as a trusted partner in the global clean energy transition,” Joshi was quoted as saying in a statement issued by the MNRE.
As per the statement, ACME Cleantech Solutions Private Limited (ACME Group) has secured a long-term offtake deal with leading Japanese companies – IHI Corporation for Green Ammonia and Mitsubishi Gas Chemical Company, Inc. (MGC) for green methanol.
Under the deal with IHI Corporation, ACME will supply a total of 4,05,000 tonnes per annum (405 kTPA) of green ammonia. This arrangement is supported by Japan’s Contract for Difference (CfD) scheme for low-carbon ammonia, administered by METI, which provides price support to Japanese offtakers, thereby ensuring the long-term commercial viability of such imports.
ACME has also signed a 10-year agreement with Mitsubishi Gas Chemical Company, Inc. for the supply of 1,00,000 tonnes per annum (100 kTPA) of green methanol from its Paradip facility. The project is aligned with global decarbonisation goals, particularly in the maritime sector, and is designed to meet European Renewable Fuels of Non-Biological Origin (RFNBO) requirements as well as International Maritime Organization (IMO) standards for cleaner marine fuels.
“These partnerships will boost the production and export of green ammonia and green methanol, strengthen India-Japan Clean Energy cooperation and accelerate the global transition to sustainable energy,” the minister said.
MNRE Secretary Santosh Kumar Sarangi said the green hydrogen sector is becoming commercially mature, with Indian clean fuels now being positioned as a reliable supplier to the global market and the creation of international green hydrogen and green ammonia value chains.
