New Delhi: Union Minister for New and Renewable Energy Pralhad Joshi said the National Green Hydrogen Mission is drawing global investment, forging international partnerships, and opening new markets for Indian green hydrogen and its derivatives, as Japan extended its Contract for Difference (CfD) subsidy support to the ACME-IHI green hydrogen project.
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Joshi said the Mission, launched under Prime Minister Narendra Modi, is building a strong and future-ready ecosystem for the sector, according to a statement issued by the Ministry of New and Renewable Energy (MNRE).
"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," Joshi said.
ACME Cleantech Solutions Private Limited (ACME Group) has entered into long-term offtake agreements with two Japanese companies — IHI Corporation for green ammonia, and Mitsubishi Gas Chemical Company, Inc (MGC) for green methanol, the statement said.
Under the arrangement with IHI Corporation, ACME will supply 4,05,000 tonnes per annum (405 kTPA) of green ammonia in total. The deal is backed by Japan's CfD scheme for low-carbon ammonia, which is administered by the country's Ministry of Economy, Trade and Industry (METI) and offers price support to Japanese buyers, underpinning the long-term commercial viability of the imports.
Separately, ACME has signed a 10-year agreement with MGC to supply 1,00,000 tonnes per annum (100 kTPA) of green methanol from its Paradip facility. The project is aligned with global decarbonisation goals, particularly for the maritime sector, and has been designed to meet the European Union's Renewable Fuels of Non-Biological Origin (RFNBO) requirements as well as International Maritime Organization (IMO) standards for cleaner marine fuels.
Joshi said the agreements would have a broader impact on bilateral cooperation. "These partnerships will boost the production and export of green ammonia and green methanol, strengthen India–Japan Clean Energy cooperation and accelerate the global transition to sustainable energy," he said.
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MNRE Secretary Santosh Kumar Sarangi said the green hydrogen sector is becoming commercially mature, with Indian clean fuels now being positioned as a reliable supplier to the global market and the creation of international green hydrogen and green ammonia value chains.
