ACME Group

OCI Global will deliver ammonia produced at its Texas plant to COMPO EXPERT in Germany, replacing 25% of its feedstock with low-carbon ammonia from this year. Meanwhile, the Indian Farmers Fertiliser Cooperative Limited (IFFCO) will offtake 200,000 tons of renewable ammonia per year from ACME’s under-development plant in Gopalpur, Odisha. This second deal will be facilitated by the use of “Internationally Transferred Mitigation Outcomes” (or ITMOs), a credit mechanism established by the Paris Agreement.

ACME and IHI have signed an offtake agreement for the supply of renewable ammonia from the pair’s under-development production plant in Odisha, eastern India. On a long-term basis, 400,000 tons per year will be transported, with production to begin in 2027. A number of other Indian production projects were launched this month.

The pair will jointly develop a 1.3 million tonnes per year renewable ammonia production plant in the Gopalpur Industrial Park in Odisha, northeast India. From the adjacent port, ammonia will be shipped domestically, and exported to key global markets.

A $325 million investment from Macquarie Asset Management will support Atlas Agro’s new Pacific Green Fertilizer Plant in Washington state, USA. FID on the plant is due early next year, which will produce 700,000 tonnes of zero-carbon nitrate fertiliser each year.

In India, ACME Group has secured two loans from REC Limited: $500 million to fully finance the first phase of the ACME’s Duqm renewable ammonia project, and $2.5 billion to support the first phases of ACME’s “round the clock” renewable power projects in Odisha and Tail Nadu.

Electrolysis-based ammonia production peaked worldwide around 1970, before the economies of scale and cheap gas feedstock led to its decline. With decarbonization and climate-neutral industrial processes now a critical priority, electrolysis-based ammonia production has re-emerged as a long-term solution. From a base of 10,000 tonnes per year worldwide production in 2020, as much as 100 million tonnes per year of electrolysis-based ammonia could be produced by the end of this decade, driven by a dramatic roll-out of renewable energy generation and installed electrolyzer capacity.

The number of renewable hydrogen-based projects planned for the Suez Canal Economic Zone has now reached fifteen. Of the seven new MoUs signed in late August, four are targeting renewable ammonia production. Saudi-based alfanar, African energy developer Globeleq, Mediterranean Energy Partners and renewable energy developer Actis are all planning renewable ammonia production plants, with ACME Group also signing an MoU for a multi-million tonne renewable hydrogen plant in the SCZONE.

ACME Group and the Government of Karnataka have signed a new MoU for a renewable hydrogen & ammonia project in southwest India. The $7 billion project will feature a 1.2 million tonne per year ammonia plant. Karnataka will sit alongside ACME’s renewable ammonia projects in Rajasthan (pilot-scale) and Oman (mega-scale). In related news, ACME signed a new MoU with NYK Line in late May for the latter to become the “strategic shipping partner” for its ammonia projects.

Thanks to Indian news channel CNBCTV18, take a three-minute tour of ACME Group’s green hydrogen & ammonia production plant in Bikaner, Rajasthan. The demonstration-sized facility is the first green hydrogen plant in India, powered by 5 MW of solar panels.

SalalaH2's consortium partners (OQ, Marubeni, Linde and Dutco) will invest $1 billion bringing their green product export hub to life in Salalah, southern Oman. First announced in October 2021, the project features 1 GW of wind and solar capacity (new build & existing), which will power 400 MW of electrolysers, feeding an existing ammonia production plant owned & operated by OQ.

Welcome to the Ammonia Wrap: a summary of all the latest announcements, news items and publications about ammonia energy. This week: updates from India, the PROMETEO project - continuous hydrogen production by SOEC, Viridis Bulk Carriers - a new zero-emissions shipping company, Korean Register AiP for ammonia bunkering vessel, two green hydrogen import MoUs for the Port of Rotterdam and Haldor Topsoe and Nel team up to offer green fuel solutions.