Brookfield Invests Up to $600 Million in ACME's Green Fuels Projects
Brookfield Asset Management has agreed to invest up to $600 million in India’s ACME Cleantech Ventures. The funding will support the development of green ammonia and methanol projects across India and Oman, marking Brookfield’s entry into low-carbon fuel production through its Global Transition Fund strategy. ACME already has supply agreements with major clients like Yara International (Norway), IHI Corporation, and Mitsubishi Gas Chemical in Japan. The investment aligns with growing global demand for cleaner energy alternatives as industries work to meet decarbonization goals. Brookfield also operates a significant renewable portfolio in India, including 50 gigawatts of wind and solar assets. This move expands Brookfield’s footprint into low-carbon fuel production while providing ACME the capital needed to scale its project pipeline for both domestic and international markets.
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Topics: clean technology green ammonia green methanol renewable fuels