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ACME Group, a major renewable energy company in India, and IHI Corporation, a Japanese heavy industry group, have joined forces to supply green ammonia from Odisha, India, to Japan. The agreement, signed by Acme Group Founder Manoj Upadhyay and IHI Corporation CEO Hiroshi Ide, involves providing 1 MMT per year of green ammonia from the Gopalpur project in Odisha to Japan on a long-term basis.
The collaboration aims to cover the entire process from production to logistics and supply to create a market for green ammonia in Japan. This will be used in power generation and various industries to reduce emissions.
Union Minister R. K. Singh emphasised the global significance of this deal, marking one of the earliest and largest agreements in green hydrogen and ammonia. He praised India's competitive cost in producing these green fuels and envisioned India becoming a leading global manufacturer.
Singh highlighted the strategic importance of the partnership with Japan, stating that India is well-placed to meet the significant demand for green hydrogen and ammonia from Japan and other developed nations.
The Japanese Ambassador, Hiroshi Suzuki, expressed strong support for the collaboration and urged the early signing of a joint declaration involving the governments of Japan and India.
Acme Group President Ashwani Dudeja stressed India's ability to develop renewable resources and produce competitive green molecules for both domestic use and export. He emphasised the importance of support from the Indian and Odisha governments for the Gopalpur project.
The agreement builds upon a previous understanding between ACME and IHI, showing a strong relationship in developing the market for this new-generation fuel. The Gopalpur project in Odisha aims to have a capacity of 1 MMT per year, with the first production expected by 2027, contributing to a reduction of 54 MT of CO2 equivalent over its life cycle.
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