Diversified renewable energy company Acme Group has signed the land agreement for its green hydrogen and green ammonia project in the Ganjam district of Odisha. The agreement was signed with Tata Steel Special Economic Zone Ltd (TSSEZL) and sets aside 343 acres of land at TSSEZL’s Gopalpur Industrial Park (GIP) for the project.
Acme Group plans to set up a green ammonia facility with a production capacity of about 1.3 mtpa at GIP— an emerging manufacturing hub for both domestic and export-oriented industries. Green ammonia at the facility will be produced from green hydrogen, and the production facilities will be powered by renewable power.
Acme Group plans to partner with Japan’s comprehensive heavy-industry manufacturer IHI Corp, for this project. The green ammonia produced at this facility will be exported to markets in the West and East from the existing Gopalpur port facilities.
Manoj K Upadhyay, founder and chairman of Acme Group, said the project would help them to offer Make In India green hydrogen and green ammonia to domestic and international markets at competitive prices.
Acme has solar power projects across 12 States with around $8 billion of capex invested and committed. In 2021, it commissioned a green hydrogen and green ammonia plant in Bikaner, Rajasthan. Acme envisions to become a leading green energy provider in the world by 2032, producing 10 million tons/year of green ammonia and hydrogen.
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