ACME Group plans $1.4 billion green methanol plant in Odisha, inks agreement with IPICOL
Published on: Jan. 25, 2026, 10:22 a.m. | Source: scanx.trade
ACME Group has signed an agreement with IPICOL for a $1.4 billion greenfield green methanol plant in Odisha, targeting commissioning by 2029-30. The project will be adjacent to the company's 2,200-tonne green ammonia facility in Paradip under the ₹19,000 crore National Green Hydrogen Mission. ACME is engaging with global shipping lines for offtake agreements and financial institutions for funding, while aiming to build a 10 MMTPA green ammonia portfolio by 2032.
