MGC secures Indian e-methanol supply for bunkering demand

Japanese conglomerate Mitsubishi Gas Chemical (MGC) has signed a long-term agreement with India's ACME Group to procure 100,000 mt/year of e-methanol from 2030.

IMAGE: Ships docked at the Port of Tokyo in Japan. Getty Images

Renewable energy firm ACME Group is planning to build a 200,000 mt/year e-methanol plant in Odisha, India. The facility will produce e-methanol using green hydrogen and biogenic CO2 as feedstocks.

The plant is expected to begin commercial operations in 2030, with MGC set to offtake 100,000 mt/year of e-methanol for use in bunkering and other applications across Japan and wider Asian markets.

“The green methanol that MGC will offtake under this contract will have the ultra-low carbon intensity compliant with EU regulations and future IMO regulations, alongside an attracting price to the green market,” Hideaki Akase, managing executive officer at MGC said.

By Konica Bhatt

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