ACME Group, a leading renewable energy company in India, has announced plans to build a 200 kilotonnes per annum (KTPA) green methanol manufacturing facility in Kendrapada district, Odisha. This is part of its strategy to expand its green hydrogen and derivatives business. The move supports India’s goals for renewable energy. It also aims to develop clean fuel markets for both domestic use and global export.
Strategic Partnership and Project Scope
ACME Group signed an initial memorandum of understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL) to jointly develop the green methanol project through a special project vehicle, ACME Akshya Energy Pvt Ltd. The partnership will appoint a Nodal Officer to ensure the project runs smoothly and on time.
The facility will produce 200 KTPA of green methanol. This will greatly support India’s clean energy supply and help the country become a center for green hydrogen and related fuels. The plant should create more than 1,100 direct jobs during both construction and operation.
Quote from Leadership
Anil Taparia, Chief Operating Officer of ACME’s Green Hydrogen and Ammonia Business Unit, said,
“Odisha, with its strong green energy ecosystem, deep industrial infrastructure, and port access, is emerging as a key center for manufacturing green molecules, including green methanol. Abundant biogenic feedstock, supportive industrial policies, and low-cost renewable power make Odisha an ideal location for globally competitive green methanol production.”
Alignment with Broader Vision
This green methanol project is part of ACME Group’s broader strategy in renewable energy and green fuels. It works alongside other initiatives like the green hydrogen and green ammonia plants in Odisha, near Paradip and Gopalpur. These efforts help develop India’s clean fuel ecosystem and support domestic energy security as well as future export markets.
The Odisha plant also supports the goals of the National Green Hydrogen Mission. It strengthens policy backing for green molecule production and helps position India for long-term leadership in sustainable energy solutions.
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