ACME & IHI: new ammonia mega-project in Odisha
By on September 04, 2023
ACME Group has secured land in the Gopalpur Industrial Park for a new hydrogen & ammonia mega-project. Located in Odisha, northeast India, the new facility will be powered by renewable energy, producing up to 1.3 million tonnes of renewable ammonia per year. Japan-based IHI will partner with ACME to develop the project, following on from an ammonia-centric partnership signed this February. From Gopalpur port (directly connected to the industrial park), ammonia will be shipped domestically, and exported to key global markets: the APAC region to the east, and Europe to the west (via the Suez Canal).
This project will help us to offer [“Made-in-India”] Green Hydrogen and Green Ammonia to domestic and international markets at competitive prices.
Manoj Upadhyay, ACME Group Founder & Chairman in his organisation’s official press release, 25 Aug 2023
We envision Odisha as the hub of Green Hydrogen and Green Ammonia and a leader in the Green Fuel Economy. The state government is firmly committed to green energy, recognizing it as the fulcrum of our future. To catalyze this vision, we’re offering best-in-class incentives. Our progressive policy is a testament to our dedication towards a sustainable and prosperous future.
Hemant Sharma, IAS, Principal Secretary, Industries Department and Chairman, IDCO & IPICOL, Government of Odisha in ACME’s official press release, 25 Aug 2023
ACME now has ammonia projects in:
- Duqm, Oman, where construction is well underway. In July, a loan from REC Limited was secured to fully finance phase one of the Oman project.
- also based near key Indian ports, Tamil Nadu & Karnataka.
- and Ain Sokhna, Egypt, targeting the production of more than 2 million tonnes per year of ammonia fuel next to the Suez Canal.