Global investment firm Brookfield will invest up to $600 million in ACME Cleantech Ventures to support the development and construction of green molecule projects across India and the Middle East.

ACME Cleantech Ventures is a UK-based privately held entity within the ACME Group. The investment marks Brookfield’s entry into the green molecules sector in the region and will be made through its Brookfield Global Transition Fund strategy, which focuses on net-zero carbon opportunities.

The funding will support ACME’s growing pipeline of projects aimed at helping industries reduce carbon emissions while developing scalable green energy solutions for markets in Asia and Europe.

Brookfield manages more than $1 trillion in assets globally and has an energy portfolio that includes about 50 GW of operational and pipeline wind and solar capacity in India.

ACME already operates a green ammonia facility in Bikaner, Rajasthan, and is developing a green ammonia project in Duqm, Oman. The company is also establishing new facilities in Odisha following a Green Ammonia Purchase Agreement with the Solar Energy Corporation of India.

Its green molecules business includes partnerships with Japan’s IHI Corporation and several domestic and international offtakers. These include Norway-based Yara International and Indian fertiliser companies such as IFFCO, Paradeep Phosphates, Coromandel International and Indorama India.

The investment is expected to support ACME’s expansion of green molecule production and strengthen its presence across emerging clean-energy markets.