ACME Group and IHI Corporation, a Japanese integrated heavy industry group, have signed an offtake term sheet for supply of green ammonia.
The term sheet was signed by Shri Manoj Upadhyay, founder and chairman of Acme Group and Shri Hiroshi Ide, president and CEO of IHI Corporation.
The green hydrogen and ammonia project at Gopalpur, Odisha, is being developed by ACME with a planned capacity of 1.2 MMTPA to be developed in phases and the first production likely within 2027.
Over its life cycle, the project will help reduce global GHG emissions by 54 million tons of carbon dioxide equivalent.
The term sheet between IHI and Acme covers the supply of 0.4 MMTPA of green ammonia from Phase-1 of Odisha project on a long-term basis.
Shri Ashwani Dudeja, president and director, Acme Group, said: “India is well positioned to develop the renewable resources and produce competitive green molecules for export as well as domestic consumption in applications which are otherwise difficult to decarbonise.”
He also emphasised the need for support from the Government of India and Government of Odisha in developing the green ammonia project at Gopalpur.
Shri Jun Kobayashi, director and managing executive officer, IHI Corporation, added: “This agreement builds upon our earlier MoU with ACME and represents the strong relationship and alignment between the two companies in developing the market for this new generation fuel.”
IHI and ACME sign green ammonia supply deal
