Acme to invest in green hydrogen, ammonia plant with captive solar in Karnataka


Gurugram-based Acme Cleantech Solutions has signed a memorandum of understanding with the Karnataka government to pair a solar plant and a green hydrogen and ammonia plant with an output of 1.2 million tons per annum (mtpa).

It said it will invest INR 52,000 crore ($6.7 billion) in the project in Mangaluru district, Karnataka. It already operates a green hydrogen plant in Rajasthan. It is also developing another green hydrogen project in Oman with Norwegian renewables developer Scatec.

Acme is also targeting global customers for green ammonia produced from its projects. It is exploring the possibility of Japan-based NYK Line becoming a strategic shipping partner for its green ammonia projects, for example.

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