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The Japanese corporation Mitsubishi Gas Chemical Company (MGC) finalized a long-term purchase and sale agreement with the Indian firm ACME Group for the acquisition of green methanol. According to the terms of the document signed on July 2, 2026, the Japanese company will receive an approximate volume of 100,000 tonnes per year of this chemical compound. Consequently, commercial distribution will officially begin from 2030 onward, positioning MGC as a key buyer for the project’s development.
Details of the green methanol supply between Japan and India
Additionally, the formal ceremony included the participation of government representatives from India’s Ministry of New and Renewable Energy and Japan’s Ministry of Economy, Trade and Industry. In this way, production will be concentrated at the facilities that ACME Group is currently developing in the Odisha region, India. The resulting supply will have a low carbon intensity that strictly complies with the environmental regulations of the European Union and the International Maritime Organization.
For its part, MGC will integrate this volume of green methanol into its environmental strategy called Carbopath. This initiative seeks to structure a circular economy through carbon recycling, using inputs derived from carbon dioxide emissions, plastic waste, and biomass. Through this mechanism, the Asian company plans to meet the growing demand for clean fuels and chemical feedstocks with a lower environmental impact throughout the region.
Likewise, ACME Group executives noted that green methanol is a viable alternative to mitigate environmental impact in hard-to-decarbonize sectors such as maritime transport, the steel industry, and fertilizer production. The Indian corporation already has prior experience in developing pilot plants for green hydrogen and green ammonia in Rajasthan, Oman, and Odisha. Thanks to this technical background, the alliance with the Japanese firm consolidates a viable business model for the large-scale commercialization of clean molecules.
Source and photo: MGC