The ACME Group has received the first $140 million installment of funding for its green hydrogen and green ammonia project in the Special Economic Zone at Duqm, Oman. This funding is part of a larger $540 million financing package, representing 75% of the total project cost of $750 million. The project is seen as a significant step in Oman's energy transition efforts, showcasing international confidence in the investment potential of the region. With contracts signed and construction actively underway, the project is progressing towards its goal of producing 100,000 tonnes of green ammonia annually initially, with plans to scale up to 1.1 million tonnes per year. ACME's partnership with Yara for off-take agreements underlines the project's international reach and impact in the green energy sector. Additionally, receiving TÜV Rheinland's certification for green hydrogen and ammonia production further solidifies Oman's position in the global decarbonization movement. The project not only contributes to clean energy production but also aligns with Oman's ambitions to achieve carbon neutrality by 2050. By positioning Duqm as a hub for sustainable energy and driving infrastructure development in the area, the project signifies the country's commitment to a greener future and showcases its leadership in the clean energy transition.