Brookfield Invests $600 Million in ACME Green Molecule Push

Brookfield will invest up to $600 million in ACME’s green molecules business to support green ammonia and methanol projects across India and the Middle East, expanding low-carbon fuel production for domestic and export markets.

Global investment firm Brookfield will invest up to $600 million in ACME Cleantech Ventures to support the development and construction of green ammonia and green methanol projects across India and the Middle East. The investment marks Brookfield’s entry into the region’s low-carbon fuels sector.

The investment will be made through Brookfield’s Global Transition Fund, which focuses on projects supporting the transition towards a net-zero carbon economy. ACME Cleantech Ventures, the UK-based entity within ACME Group, operates the group’s green molecules business and is developing projects in India and Oman.

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ACME currently operates a green ammonia facility in Bikaner, Rajasthan, and is developing another project in Duqm, Oman. The company is also establishing new green ammonia capacity in Odisha under an agreement with the Solar Energy Corporation of India (SECI). In addition, ACME has a joint venture with Japan’s IHI Corporation for a project in Gopalpur, Odisha.

The company has secured offtake arrangements with several international and Indian companies, including Yara International, IHI Corporation, Mitsubishi Gas Chemicals, SECI, IFFCO, Paradeep Phosphates, Coromandel International and Indorama India. These agreements are intended to support the development of green ammonia and other low-carbon fuels for domestic and international markets.

ACME Chairman Manoj Upadhyay says the investment supports the company’s plans to expand its green molecules platform and develop projects serving customers across multiple markets. The company is targeting industries such as fertilisers, shipping, refineries, chemicals and heavy manufacturing, where green hydrogen-derived fuels can support emissions reduction.

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For Brookfield, the investment expands its existing exposure to India’s renewable energy sector. The firm has around 50 GW of wind and solar assets in operation and under development in India across its platforms. Brookfield says growing demand for green molecules is being driven by companies and governments seeking scalable options for decarbonisation and energy security.

The funding will support ACME’s project pipeline across India and Oman as the company works to expand production of green ammonia, green methanol and other low-carbon fuels for domestic consumption and exports.