Brookfield Bets $600 Million on ACME’s Green Fuels Expansion
What Happened
Brookfield will invest up to $600 million in ACME Cleantech Ventures to support the development of green ammonia and green methanol projects in India and Oman. The funding, through Brookfield’s Global Transition Fund, marks the investor’s entry into the region’s green molecules sector and will help expand ACME’s pipeline of clean fuel projects.
Key Takeaways
The deal is a major vote of confidence in India’s emerging green hydrogen ecosystem. ACME already has green ammonia projects in Rajasthan, Odisha and Oman, with supply agreements signed with global firms including Yara International, IHI Corporation and Mitsubishi Gas Chemicals.