You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence Asia/Pacific News Latest Features World Americas EMEA Asia/Pacific Home News & Features Asia / Pacific Mitsubishi Firm Signs Green Methanol Offtake Deal with India's ACME Mitsubishi Firm Signs Green Methanol Offtake Deal with India's ACME by Ship & Bunker News Team Monday July 6, 2026 Tweet Follow @shipandbunker The fuel could potentially be used as marine fuel for dual-fuel methanol ships. Image Credit: MGC Japan ’s Mitsubishi Gas Chemical Company (MGC) has signed a long-term green methanol offtake agreement with India's ACME Group . MGC will purchase 100,000 mt/year of green methanol from ACME's planned production facility in Odisha , India, the firm said in a statement on its website on Monday . Supplies are due to begin when the project enters commercial operation in 2030 . The green methanol could be used as a marine fuel and chemical feedstock across Japan and Asia . “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 attractive price to the green market,” Hideaki Akase , Managing Executive Officer, Green Energy & Chemicals Business Sector for MGC, said. Methanol is seen as one of the more practical alternative fuels because it can be handled using relatively familiar infrastructure compared with some other emerging marine fuels. The container segment has led orders for methanol-fuelled newbuilds. Ship & Bunker News Team To contact the editor responsible for this story email us at [email protected] Also in the News Chinese Shipyard Starts Building World's Largest LNG Carrier The vessel will have a 57% more cargo capacity than conventional 174,000 m3 LNG carrier. Read in Full