Science, Discovery, Tech and Environment · 4 July 2026
ACME Green Molecules and Mitsubishi Gas Chemical (MGC) Sign $1 Billion Green Methanol Deal
Exam-focused facts from the 4 July 2026 current affairs briefing.
Key facts
- ACME Green Molecules has signed a long-term agreement with Japan's Mitsubishi Gas Chemical Company (MGC) to supply 100,000 tonnes of green methanol annually.
- The deal is estimated to be worth approximately $1 billion and is described as India's first global green marine fuel collaboration.
- The green methanol will be produced at the ACME Group facility in Paradip, Odisha.
- Green methanol is an alternative to conventional marine fuels, specifically Heavy Fuel Oil (HFO), Very Low Sulphur Fuel Oil (VLSFO), and Marine Gas Oil (MGO).
- The fuel is expected to comply with European Union (EU) and International Maritime Organization (IMO) regulations to reduce lifecycle carbon dioxide emissions.
- ACME Group's green energy investments in Odisha include green ammonia projects in Gopalpur and Paradip, and a green methanol project in Paradip.
- ACME Group is expanding its portfolio of green hydrogen, ammonia, and methanol projects in Bikaner, India, and Duqm, Oman.