ACME Group and Indraprastha Gas Limited (IGL), city gas distribution company signed a memorandum of understanding (MoU) to jointly explore the potential business opportunities of green hydrogen. ACME and IGL will work jointly to promote the adoption by the customers and create demand for green hydrogen in the country. The companies will also work together to explore the opportunity of setting up hydrogen generation plants including setting up electrolysers to blend green hydrogen in IGL’s existing pipeline networks suppling gas to households, industrial and commercial set ups and compressed natural gas (CNG) for vehicles.
ACME Group set up in 2003, is a leading company in cleantech sectors such as solar, green hydrogen and ammonia and sustainable green protein development. At present, ACME has solar power projects across 12 states and has also diversified into green hydrogen and green ammonia. It commissioned a green hydrogen and green ammonia plant in Bikaner, Rajasthan in 2021. ACME envisions to become a leading green energy provider in the world by 2032 and producing 10 million tons/year of green ammonia and hydrogen.
IGL is catering CNG to more than 1.7 million vehicles through a network of around 750 CNG stations. In addition, IGL is supplying Piped Natural Gas (PNG) to more than 2 million domestic households, more than 3,800 industries, and more than 6,000 commercials through a robust network of around 21,000 kms of steel and MDPE pipeline.
In February 2023, ACME Group and Japan’s comprehensive heavy-industry manufacturer IHI Corporation announced signing of a MoU to jointly explore the potential business opportunities of green hydrogen. The intent of this MoU was to jointly study and evaluate potential projects with respect to collaboration opportunities across the green hydrogen and ammonia value chain, including production, handling, transportation, distribution, and power generation.
