Indian renewable energy company ACME Group and Japanese heavy-industry manufacturer IHI Corporation are set to jointly explore potential business opportunities in green hydrogen and its derivatives.
The companies revealed today (February 21) they had signed a Memorandum of Understanding (MoU) to jointly study and evaluate potential projects with respect to collaboration opportunities across the green hydrogen and ammonia value chain, including production, handling, transportation, distribution, and power generation.
H2 View understands, the agreement allows IHI to participate as an investor or offtaker for one or more projects, developed by ACME in Oman, India, the US, or Egypt
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