Acme Group, a diversified renewable energy company in India, and Japan’s comprehensive heavy-industry manufacturer IHI Corp. have signed a memorandum of understanding (MoU) to jointly explore potential business opportunities in green hydrogen.
The two partners intend to jointly study and evaluate potential projects for collaboration opportunities across the green hydrogen and ammonia value chain, including production, handling, transportation, distribution, and power generation.
The MoU allows IHI to participate as an investor or off-taker in one or more projects of Acme in Oman, India, the USA, or Egypt. Both companies will also explore opportunities to jointly offer a complete integrated solution to customers from green ammonia supply, bunkering, and products or solutions for various applications.
The collaboration will leverage Acme’s extensive experience in developing renewable energy projects and solutions, and IHI’s understanding of the green ammonia value chain.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.