Brookfield Asset Management invests $600M in India’s ACME Cleantech Ventures
The investment marks Brookfield’s entry into the region’s low-carbon fuels sector and will be made through its Brookfield Global Transition Fund strategy. ACME said the funding would support its advanced pipeline of projects in India and Oman as the company seeks to expand production of green ammonia and other low-carbon fuels for domestic and international markets.
The Indian company has already secured supply agreements with several customers, including Norway’s Yara International, Japan’s IHI Corporation and Mitsubishi Gas Chemical, as well as buyers in India.
Category: Fuels
