Brookfield to Invest Up to $600 Million in ACME's Green Fuels Business

U.S.-based alternative asset manager Brookfield will invest up to $600 million in India’s ACME Cleantech Ventures to help develop and construct green ammonia and green methanol projects. The companies announced the strategic investment on Thursday, signaling a major push into the burgeoning low-carbon fuels sector.

Investment Details

The funding will be made through the Brookfield Global Transition Fund, according to the joint statement. ACME stated the capital will be used to advance a significant pipeline of projects in India and Oman.

The primary objective is to expand the production of green ammonia and other sustainable fuels. These products are intended for both the domestic Indian market and for export to meet growing international demand.

Strategic Significance

This transaction marks Brookfield's first major entry into the region's low-carbon fuels sector. The move complements its existing large-scale renewable energy operations in the country.

Ad

ACME has already secured supply agreements with several key industrial customers, underpinning the commercial case for its expansion. Notable partners include:

• Norway’s Yara International
• Japan’s IHI Corporation
• Japan's Mitsubishi Gas Chemical
• Unspecified buyers within India

Market Context

The investment comes as industries worldwide seek alternatives to traditional fossil fuels to reduce carbon emissions and meet ambitious decarbonization targets. Green ammonia and methanol are considered critical components in this energy transition, particularly for hard-to-abate sectors like shipping and chemicals.

While this is a new venture into green fuels for Brookfield in India, the firm is an established player in the country's renewable power sector. It currently manages a portfolio of approximately 50 gigawatts of operating and developing wind and solar assets.