India to gain $6.7bn green hydrogen and green ammonia project

A Memorandum of Understanding (MoU) between India-based renewable energy company ACME Group and the Government of Karnataka will see a RS52,000 crore ($6.7bn) green hydrogen and green ammonia project set up in the Indian state.

The project plans to produce 1.2 million tonnes of green hydrogen and ammonia per year, with an additional ‘captive solar unit’. ACME Group have said construction will take place between 2022 and 2027.

Over the past year, India’s interest in hydrogen has dramatically increased, with the unveiling of the country’s National Hydrogen Mission, which plans to cut carbon-emissions and meet its climate targets.

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