ACME Group to build 200 KTPA green methanol plant in Odisha

Group 1 - ACME Group will establish a green methanol manufacturing facility in Odisha with a capacity of 200 kilotonne per annum, creating over 1,100 jobs [1] - The facility is part of ACME's green hydrogen business and will be developed in partnership with Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) [2] - Odisha is identified as a key manufacturing destination due to its green energy ecosystem, port infrastructure, and availability of biogenic feedstock [2] Group 2 - Supportive industrial policies and low-cost green power supply in Odisha create favorable conditions for green methanol production at globally competitive costs [3] - ACME Group is establishing multiple green hydrogen and ammonia projects in Odisha, including a large green ammonia facility in Gopalpur through a joint venture with Japan-based IHI Corporation [4] - ACME is developing a 2,200 metric tonne per day green ammonia facility in Paradip, supplying 370,000 metric tonne per year of green ammonia to Indian fertiliser companies for 10 years [4] Group 3 - The global green methanol market is projected to reach 6 to 12 million tonne per annum operational capacity by 2030, driven by shipping decarbonisation and regulations such as FuelEU Maritime [5] - Shares of Acme Solar Holdings Limited were trading at ₹203.17, up by ₹4.21 or 2.12 percent [5]