Bhubaneswar (Odisha) [India], July 3 (ANI): Odisha Chief Minister Mohan Charan Majhi on Friday held an interactive session with Japanese business delegates at Lok Seva Bhawan (State Secretariat) and informed that India’s ACME Group and Japan’s IHI Corporation signing agreements for green ammonia and green methanol will create more than 7,600 jobs.
During an interactive session here, he said that the cooperation between Japan and his state will prove to be a milestone. He added that the projects for green ammonia and green methanol will be set up in Paradeep and Gopalpur.
“While the relationship between India and Japan grows stronger day by day, today’s cooperation with Japan in Odisha will prove to be a milestone. Today, Agreements were signed with ACME and IHI for green ammonia and green methanol. These projects will be set up in Paradeep and Gopalpur. This will bring an investment of Rs 67,000 Crores to Odisha and create more than 7600 jobs,” CM Majhi said.
His remarks came after the Odisha CM witnessed the exchange of a Memorandum of Cooperation (MoC) between the Industries Department, Government of Odisha, IHI Corporation and ACME Group to explore large-scale clean energy and industrial projects in the state, with a cumulative investment of Rs 67,000 crore and are expected to generate more than 7,000 jobs in Odisha.
The proposed investments include a 0.4 MTPA green ammonia project at Gopalpur-Tata SEZ with an investment of Rs 20,000 crore, an associated jetty-less floating terminal infrastructure worth Rs 1,000 crore, a 0.8 MTPA green ammonia project at Paradeep with an investment of Rs 34,000 crore, and a methanol project involving an investment of Rs 12,000 crore.
In a significant milestone under the National Green Hydrogen Mission (NGHM), ACME Cleantech Solutions Private Limited (ACME Group) today secures a long-term offtake deal with leading Japanese companies-IHI Corporation for Green Ammonia and Mitsubishi Gas Chemical Company, Inc. (MGC) for Green Methanol during a ceremony held at Atal Akshay Urja Bhawan, New Delhi.
According to a press release issued by the Ministry of New and Renewable Energy, the National Green Hydrogen Mission, approved in January 2023 with an outlay of ₹19,744 crore, aims to position India as a global hub for the production, utilisation, and export of green hydrogen and its derivatives. Under the Mission, the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme provides financial support for production through a transparent bidding process conducted by the Solar Energy Corporation of India (SECI).
ACME Group has been awarded a production capacity of 3,70,000 tonnes per annum (370 kTPA) under the SIGHT Programme, forming the foundation for these export-oriented agreements.
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 off-takers, 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 Organisation (IMO) standards for cleaner marine fuels.
“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. Under the leadership of Prime Minister Shri Narendra Modi ji, the National Green Hydrogen Mission is creating a strong and future-ready ecosystem. It is attracting global investments, building international partnerships, and opening new markets for Indian green hydrogen and its derivatives,” said Union New & Renewable Energy Minister Pralhad Joshi. (ANI)
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