The clean industrial transition is entering a new phase of momentum, with more than 1,000 large-scale projects now under development across the globe, according to new data from the Industrial Transition Accelerator (ITA) and Mission Possible Partnership (MPP).
The findings, released in MPP’s latest Global Project Tracker, show rapid growth in commercial-scale projects despite persistent geopolitical and economic headwinds.
The report records 1,001 clean industry projects across 70 countries, spanning energy-intensive sectors such as aluminium, cement, chemicals, fuels for aviation and shipping, and steel.
Of these, 144 have reached final investment decision (FID), including 82 operational plants and 62 that have secured funding. Together, these projects represent almost $2 trillion in potential investment, with particularly strong growth in emerging markets.
Seventy new projects worth $140 billion are expected to become shovel-ready in the coming months, with more than a third located in developing economies such as Brazil, Namibia and India. These initiatives are seen as critical drivers of sustainable economic growth, job creation and supply chain resilience.
China remains the global leader in clean industrial investment, with 12 projects reaching FID this year alone and 54 confirmed overall. Its progress is being fuelled by strong renewable energy capacity and proactive industrial policy.
India, with 47 projects in development, has also emerged as a key player, benefiting from rising inward investment and job creation tied to clean industry.
Faustine Delasalle, Mission Possible Partnership CEO and Executive Director of the Industrial Transition Accelerator, said: “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.”
The report also underscores the growing momentum in clean fuel markets, driven by new policies such as the EU’s sustainable aviation fuel mandate and the International Maritime Organisation’s clean fuel targets. Projects in methanol, ammonia and hydrogen are scaling rapidly, with major implications for global energy security and industrial competitiveness.
The ITA and MPP warn, however, that a stronger demand-side policy is needed to accelerate financing and unlock the full investment potential.
Governments that create clear and predictable markets for clean materials and fuels, the report says, will secure long-term industrial growth while reducing exposure to fossil fuel volatility.
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