A land agreement has been signed by the Acme Group with Tata Steel Special Economic Zone Limited (TSSEZL) for developing green hydrogen and green ammonia project on 343 acres of land. The project will be implemented at the Gopalpur Industrial Park in Ganjam district of Odisha. ACME intends to collaborate with Japan’s IHI Corporation for this project. ACME intends to develop a 1.3 million tonnes per annum green ammonia plant. The green ammonia will be produced from green hydrogen. The green ammonia produced at this plant will be shipped from Gopalpur port facilities to markets in the West and East. In addition, the project is expected to be Odisha’s first green hydrogen/green ammonia facility.
In July 2023, ACME Group secured funding of Rs 40 billion for its green hydrogen and green ammonia project in Oman from REC Limited. In May 2023, ACME Group and Indraprastha Gas Limited signed a MoU to jointly explore the potential business opportunities of green hydrogen. ACME and IGL would work jointly to promote the adoption by the customers and create demand for green hydrogen in the country.