Archive · 17 Sep 2026
Brookfield’s $600 Million Bet Targets India’s Green-Molecule Scale-Up
Brookfield wants to invest as much as $600 million in ACME’s clean-energy business.
ACME makes green ammonia, green hydrogen, and green methanol using renewable energy.
The money would help ACME build several projects in India and Oman.
Instead of paying for only one project, Brookfield would support a larger group of projects.
ACME says this could help Indian companies sell green products to customers around the world.
The company believes making projects bigger can lower their costs.
Its Oman plant is almost finished but was delayed by about two or three months because of the war.
ACME expects the Oman plant to begin operating in March 2027, with other projects planned for 2028 and 2029.
Brookfield has proposed investing up to $600 million in ACME Cleantech Ventures through a structured-equity deal.
ACME plans to use the funding for Oman Phase 2, two Odisha green-ammonia projects, and an Odisha green-methanol project.
ACME says the platform-level investment can support multiple projects instead of being tied to a single facility.
Oman Phase 1 is nearly 90% ready, with commissioning expected around November-December and operations targeted for March 2027.
ACME’s other milestones include Odisha projects targeted for 2028 and an ACME-IHI project expected in 2029.
- Who
- Brookfield, ACME Cleantech Ventures, and ACME Group Chairman Manoj Kumar Upadhyay.
- What
- Brookfield has proposed a structured-equity investment of up to $600 million to help ACME expand green-ammonia, green-hydrogen, and green-methanol projects.
- When
- The equity valuation is expected by the end of 2026; project operations are targeted from March 2027 through 2029.
- Where
- The planned projects are in India, including Odisha, and Oman.
- Why
- The investment is intended to help ACME overcome financing and infrastructure challenges and expand from individual projects to a global-scale platform.
- Proposed investment
- Up to $600 million from Brookfield
- Investment structure
- Structured equity at the platform level
- Planned uses
- Oman Phase 2, two green-ammonia projects in Odisha, and one green-methanol project in Odisha
- ACME ownership
- ACME will maintain a significant majority in its projects and business entities
- Oman Phase 1 status
- Nearly 90% ready; commissioning is expected around November-December, with operations targeted for March 2027
- Other project targets
- The Paradeep green-ammonia and Odisha green-methanol projects are targeted for 2028; the ACME-IHI project is expected in 2029
- Equity valuation timeline
- Expected to be decided by the end of 2026