Gurugram-based ACME will set up a large-scale facility for production of green hydrogen and green ammonia in Oman.
This will be in collaboration with the Oman Company for the Development of Special Economic Zone (SEZ) at Al-Duqm SAOC (Tatweer). The facility will be set up with an initial investment of $2.5 billion and will produce 2,200 tonnes of green ammonia a day.
Tatweer and ACME have identified the land parcel in the Duqm region. “ACME has opted for Oman for its first large-scale green ammonia commercial project, considering the strategic location of Oman, the support received from the government bodies, and high solar irradiation in the country,” said ACME.
ACME has a pilot at work in Rajasthan for producing green hydrogen and ammonia. The firm said it is under construction and will be operational by April. Green hydrogen is produced through electrolysis from renewable energy, which becomes the raw material to make green ammonia.
Manoj Kumar Upadhyay, founder and chairman, ACME Group, said, “This large-scale plant is strategically planned to cater to international markets for supply of green ammonia across Europe, America, and Asia.” Salim Al Sulaimani, chief executive of Tatweer, said this facility is aimed towards achieving Oman Vision 2040 in alternative energy and to boost bilateral ties with India.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.