New Delhi, Jan. 25 -- ACME Group, one of India's largest solar platforms, has signed an agreement to build a $1.4 billion, or about Rs.12,422 crore, plant in Odisha that will produce 200,000 tonnes of green methanol to fuel ships, according to a top official at the company.

Anil Taparia, chief operating officer (COO) at ACME Green Hydrogen and Ammonia Business Unit, said in an interview that the agreement for the greenfield plant has been inked with Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL).

ACME is in talks with several global shipping lines to sign offtake agreements, with the green methanol project to be commissioned by 2029-30.

"We are setting up multiple green hydrogen and ammonia projects around Parad...