ACME Green Molecules Business, part of India’s ACME Group, signed a binding long-term Purchase and Sale Agreement with Mitsubishi Gas Chemical Company on 3 July 2026. The agreement covers the supply of 100,000 tonnes per annum of green methanol and has an estimated value of about USD 1 billion. IndiaCurrent Affairs

Green Methanol
Green methanol is a low-carbon fuel produced from renewable feedstocks and used in industrial and maritime applications. It is different from conventional methanol because its production pathway is designed to reduce lifecycle carbon dioxide emissions.

RFNBO and Maritime Fuel Standards
RFNBO stands for Renewable Fuels of Non-Biological Origin, a category used in European Union fuel regulation. The supplied green methanol is intended to comply with European Union rules and future International Maritime Organization carbon-intensity regulations for shipping fuels.

Production and Industrial Location
The green methanol will be produced at ACME’s facility in Paradip, Odisha. This project is the group’s third major investment in Odisha, a state on India’s eastern coast with a major port at Paradip.

India in Low-Carbon Shipping Fuels
India has entered the global market for low-carbon marine fuels through this agreement. The contract links an Indian producer with a Japanese chemical company in the international trade of alternative shipping fuel.