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ACME plans green methanol plant
Mint Mumbai
|January 26, 2026
ACME Group, one of India's largest solar platforms, has signed an agreement to build a $1.4 billion, or about ₹12,422 crore, plant in Odisha that will produce 200,000 tonnes of green methanol to fuel ships, according to a top official.
Anil Taparia, chief operating officer (COO) at ACME Green Hydrogen and Ammonia Business Unit, said in an interview that the agreement for the greenfield plant has been inked with Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL).
ACME is in talks with several global shipping lines to sign off take agreements, with the green methanol project to be commissioned by 2029-30.
"We are setting up multiple green hydrogen and ammonia projects around Paradip and Gopalpur for both domestic and export purposes," Taparia said.
This story is from the January 26, 2026 edition of Mint Mumbai.
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