- 70 new projects worth $140 billion of investment set to be shovel-ready in coming months, identified by Industrial Transition Accelerator and Mission Possible Partnership
- Strong growth in financed projects: 19 plants have secured funding so far this year with 12 based in China
- New evidence confirms clean chemicals and fuels markets are advancing, driven by existing and expected policies
São Paulo, 4 November 2025 – Today, the Industrial Transition Accelerator (ITA) and Mission Possible Partnership (MPP) announced that clean industry is entering a new phase of momentum, with 1,001 commercial-scale projects now recorded across all stages of development. This marks strong growth across multiple sectors and regions despite ongoing geopolitical headwinds.
New data published in MPP’s
Global Project Tracker, supported by the ITA, reveals 144 commercial-scale projects worldwide have now reached final investment decision (FID). Of these, 82 are operational and 62 have secured funding, spanning the most energy-intensive sectors: aluminium, cement, chemicals, fuels for aviation and shipping, and steel.
A global opportunity wide open for the taking
The Global Project Tracker data identifies clean industrial plants in development or operational across 70 countries, representing nearly $2 trillion in remaining investment potential.
The ‘
new industrial sunbelt’, a region rich in renewable energy resources spanning Latin America, Australia, Africa and Asia, claims the largest share of this opportunity, with India now home to the world’s third-largest clean industry pipeline and Brazil not far behind.
As clean industry continues to gain momentum, the coming months are set to be even more transformational, with 70 projects identified beyond China as poised for financing and representing a combined value of $140 billion. More than a third of these projects are located in emerging economies from Brazil to Namibia, where realising this opportunity could rapidly unlock significant benefits for sustainable economic growth, supply chain resilience and job creation.
The Global Project Tracker data illustrates the massive investment potential for clean industry to grow economies, but also notes that this potential is dependent on stronger demand-side policy. The ITA has worked with partners across the value chain to test new approaches, support project developers and improve investment conditions, helping more projects move toward their goal of FID.
In Brazil, Acelen Renewables are harnessing the potential of Brazil’s existing deforested and degraded land to build the first ‘seed to fuel’ large-scale project turning macaúba into jet fuel for global markets, while providing new opportunities to local communities. Elsewhere, Hydro Alunorte, is the world’s largest alumina refinery outside of China, and is implementing a multi-phase strategy of electrification and biomass integration while maintaining its market competitiveness.
In India, with its healthy pipeline of 47 projects in development, the benefits of energy security and resilience to external shocks are matched by the job creation and inward investment opportunities.
China is racing ahead
China is moving rapidly to claim an early strategic advantage, with 12 projects reaching FID in the past year and 54 confirmed overall, surpassing any other region.
This speed is driven by an unprecedented renewable energy build-out and proactive industrial policy. Most of these projects span the methanol, ammonia and aviation sectors to meet domestic and international clean fuel demand. However, current supplies will only meet a small fraction of what will be needed for global trade and travel.
In south-west China, the first production line of the China Hongqiao Group’s aluminium facility began operating in July of this year. Powered by 4 GW of solar energy, it is expected to match the total aluminium output of North American by 2026. Meanwhile, the world’s first commercial-scale green ammonia plant became operational this summer at Envision Energy’s Green Hydrogen Park in Chifeng, China.
Clear routes to stronger, cleaner growth now visible
Clean fuel markets are scaling fast. In aviation, the EU’s sustainable aviation fuel mandate came into force this year, while emerging national standards across Asia and the UK are expanding market demand.
In shipping, the International Maritime Organization’s (IMO) target of 5% clean fuel uptake by 2030 has spurred a wave of new ammonia and methanol projects from Singapore to Brazil, projects expected to accelerate once the IMO finalizes its net-zero framework.
Progress in the ammonia and methanol industries are especially significant, as both are expected to drive down the cost of clean hydrogen production. As prices fall, clean fertiliser could soon undercut conventional ‘grey’ production – a shift with major implications for food and energy security in import-dependent countries such as India and Brazil. These same investments are also laying the groundwork for a broader clean hydrogen economy that will underpin industrial competitiveness worldwide. However, while existing and anticipated policies are driving demand in fuels, it remains limited in other sectors.
In cement, deep decarbonisation remains challenging, but affordable solutions such as calcined clay are already cutting emissions by up to 70%, and at lower cost than traditional technology. Reducing clinker import dependence and lowering construction costs strengthens economic resilience, allowing emerging markets to build faster and cleaner. Leading developers based in Europe and North Africa, including Ecocem, Vicat and CBI, report strong demand from the construction industry.
Faustine Delasalle, Mission Possible Partnership CEO and Executive Director of Industrial Transition Accelerator: “It’s taken nearly a decade to reach this point. With a record number of operational and under construction plants across all sectors, clean industry is no longer a vision for the future, it is a burgeoning opportunity we can speed up today. Building on the leadership of many companies around the world, governments and investors have a unique opportunity to turn today’s plans into plants, which together will make up tomorrow’s global clean industrial economy. Those who demonstrate strategic foresight and unwavering commitment to the clean industrial transition stand to reap its benefits.”
Policy action will determine who captures the opportunity
The evidence is clear: there is profit potential in clean industry, but the pace of financing depends on stronger demand-side policy. Governments that create predictable demand signals for clean materials, chemicals, and fuels will unlock the next wave of projects and secure their industrial futures.
The ITA’s work on demand-side policy in Europe highlights this opportunity: by creating lead markets for clean materials and fuels, the EU could revive its flagging industries and boost its pipeline of projects, which represents more than €100 billion in investment potential. Such measures would strengthen supply chain resilience and energy security while adding only marginally to the cost of consumer goods, far less than inflation caused by volatility from fossil fuel-intensive production.
Industrial Transition Accelerator leading collaboration for change
Launched at COP28 in Dubai by the COP28 Presidency, Bloomberg Philanthropies and United Nations Climate Change, the ITA was created to accelerate the decarbonisation of heavy-emitting industry and transport and drive investment into projects consistent with a Paris-aligned pathway. The initiative brings together partners from government, industry, finance and civil society to tackle global challenges, and works directly with project developers across Brazil, UAE, Bahrain, Egypt, and as also announced today, India.
Enable investment to Build Clean Now
The Global Project Tracker shows that a clean industry transformation is now clearly underway, with a diverse pipeline ready for investment.
Through the
Build Clean Now campaign, MPP, ITA and partners are working with governments, investors and industry to identify solutions to unlock the most advanced clean industrial projects and accelerate the pace at which they are financed and built, year-on-year – to build prosperity, resilience and opportunity across every region.
-ENDS-
For more information or interviews please contact:
Notes for editors
Clean industry: dawn of a new era report
hereDiscover more on the Global Project Tracker
here
Discover the ITA’s suite of Tools:
- Green Demand Policy Playbook: prepared by the ITA in consultation with more than 100 organisations, and intended to inform and support domestic policy making, the Green Demand Policy Playbook sets out a range of policy measures available to governments to stimulate demand for low- and near-zero-carbon products.
- Green Purchase Toolkit: The ITA, in partnership with WBCSD, has created the Green Purchase Toolkit to support companies that want to invest in green industrial products and services by offering alternative ways to tackle the challenges of long-term offtake agreements. The Toolkit outlines the specific areas of long-term offtake agreements that are preventing stakeholders from signing these agreements and identifies alternative mechanisms that address these specific challenges.
- Standards Map: published in partnership with the RMI, this tool maps the landscape for low-emission industrial products. The Standards Map is focused on highlighting progress towards the creation of comprehensive and fit-for-purpose standards for each product.
About the ITA: The
ITA is a global multistakeholder initiative, launched at COP28, to catalyse decarbonisation across heavy-emitting industry and transport sectors, that represent a third of global emissions. With expansive networks across industry, financial institutions, and governments, the ITA brings together global leaders to unlock investment at scale, for the rapid deployment of decarbonisation solutions. Within three years, it aims to significantly grow the pipeline of commercial-scale, clean industrial projects to reduce emissions by 2030 and enable delivery of Paris Agreement-aligned ambition for these sectors.
About Mission Possible Partnership (MPP):
MPP is an independent non-profit organisation advancing global clean industry transformation. Since 2019, we have been working with some of the most energy-intensive industries – aluminium, cement, chemicals, shipping, aviation and steel – to cut their global GHG emissions. We mobilise business, finance, government and civil society leaders to speed up the shift to clean materials, chemicals and fuels. Having charted sectoral pathways to net-zero, we continue to forge new territory, lifting the barriers to enable a critical mass of clean industrial projects to break ground by 2030. Mission Possible Partnership has people and partners on the ground in North America, Brazil, Europe, the Middle East, North Africa, Asia and Australia.
About the Global Project Tracker: Launching in April 2024, the Global Project Tracker maps the global state of the clean industry transformation towards a critical mass of clean industrial plants. This will drive the production of clean commodities in sufficient volumes to enable their markets to scale while their costs begin to fall. In six-monthly updates, the Tracker geo-plots the pipeline of all known commercial-scale clean industrial plants, marking their deployment across announced, financial investment decision (FID) and in operation statuses.
About the data: We continuously strive to improve our methodology and have applied stricter criteria to select the clean industrial projects we count as near-zero production projects, capturing only those plants with a clear route to near-zero carbon lifecycle emissions. We have included new data sources so direct like-for-like comparisons to previous updates are not possible. While every effort has been made to ensure the accuracy and completeness of data related to the Chinese market, it is important to note that certain limitations may exist. The availability and transparency of publicly accessible information in China can vary significantly across sectors. We have taken every practical step to verify and validate the information included in the Global Project Tracker.
70 countries where commercial scale clean industrial plants are either operational, financed or announced include:
Algeria Angola Argentina Australia Austria Belgium Bolivia Brazil Bulgaria Canada Chile China Colombia Costa Rica Croatia Denmark Egypt Estonia Ethiopia Finland France Germany Greece Iceland India | Indonesia Ireland Italy Ivory Coast Japan Jordan Kazakstan Latvia Lithuania Malaysia Mauritania Mexico Morocco Mozambique Namibia Netherlands New Zealand Nigeria Norway Oman Pakistan Panama Paraguay Peru Philippines | Poland Portugal Romania Russia Saudi Arabia Singapore South Africa South Korea Spain Sweden Thailand Trinidad & Tobago Turkey Uganda United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vietnam |