ACME Group is investing $2.5bn to set up a large-scale hydrogen facility capable of producing 2,200 million tonnes of green ammonia per day in Duqm, Oman.
The Indian firm said it will work in collaboration with the Oman Company for the Development of the Special Economic Zone (SEZ), and announced the signing of a Memorandum of Understanding (MoU).
The MoU aims to produce green hydrogen and green ammonia from renewable energy, in turn supporting the energy transition, and also will be seen as an enabler for the integration of higher shares of renewable energy in both the transportation and manufacturing sectors.
Speaking at a press conference earlier this week, founder and Chairman of ACME Group, Manoj Kumar Upadhyay, said, “This is an exciting beginning of global alliances for producing green hydrogen and ammonia – the most important future source of energy that will help decarbonise the world.”
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