ACME Group and IHI Corporation have signed an offtake term sheet for the supply of green ammonia from Odisha, India to Japan.
This strategic partnership aims to rival the market for relatively inexpensive yet less environmentally friendly blue ammonia. ACME and IHI will leverage the active support and incentives provided by the Government of India under the National Green Hydrogen Mission and the state government of Odisha. The green ammonia will be produced at ACME’s 1.2 million tonnes per annum (mtpa) green ammonia project being developed at Gopalpur in the state of Odisha. Total investment for 1.2 mmt per annum plant will be USD5 billion. The term sheet between IHI and ACME covers the supply of 0.4 mtpa of green ammonia from Phase-1 of Odisha project in Gopalpur on a long-term basis.
