ACME Group Announces Green Hydrogen Project in India
Key Ideas
  • ACME Group in India plans a green hydrogen project with an annual capacity of 400,000 mt/year of green ammonia.
  • A Japanese consortium is exploring investment opportunities in a similar green ammonia production project in India.
  • ACME Cleantech in India has signed an agreement with BASF to supply green ammonia to Europe.
  • The developments reflect a growing interest in green hydrogen and its potential for sustainable energy production.
India's ACME Group has confirmed its intentions to establish a green hydrogen project in India with an annual production capacity of 400,000 metric tons per year of green ammonia. This initiative aligns with the global shift towards sustainable energy solutions. Additionally, a Japanese consortium has signed a Memorandum of Understanding (MoU) to explore investment opportunities in a 400,000 mt/year green ammonia production project under development in India. In another partnership, ACME Cleantech in India has signed a Heads of Agreement with BASF to supply green ammonia to Europe, indicating the cross-border significance of green hydrogen initiatives. These collaborations highlight the increasing interest and investments in green hydrogen as a clean energy source with the potential to drive sustainable development and reduce carbon emissions.
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