ACME Group and IHI Corporation Partner for Green Ammonia Supply from India to Japan

In a groundbreaking collaboration, ACME Group, a prominent renewable energy company in India, and the Japanese integrated heavy industry group IHI Corporation have signed an offtake term sheet for the supply of green ammonia from Odisha, India to Japan. The agreement, endorsed by ACME Group’s Founder and Chairman, Shri Manoj Upadhyay, and IHI Corporation’s President and CEO, Mr. Hiroshi Ide, aims to capitalize on the growing market for green ammonia, positioning themselves as rivals to the prevalent yet less environmentally friendly blue ammonia. The initiative is strengthened by substantial support and incentives from the Central Government of India under the National Green Hydrogen Mission (NGHM) and the State Government of Odisha.

The green ammonia will be produced at ACME’s ambitious 1.2 million metric tons per annum (MMTPA) Green Ammonia project in Gopalpur, Odisha, with a substantial investment of $5 billion. The term sheet specifies the supply of 0.4 MMTPA of green ammonia from Phase-1 of the Odisha project to Japan on a long-term basis. ACME and IHI plan to collaborate across the entire value chain, encompassing production, logistics, and supply to Japanese customers, fostering a market for green ammonia in various applications, including power generation and industrial uses, with a view to reducing overall emissions.

The strategic collaboration is in harmony with the visions of both countries, supporting India's National Green Hydrogen mission and Japan's commitment to achieving Net Zero. Shri R. K. Singh, the Union Minister for Power and New & Renewable Energy, commended the agreement as a pioneering and substantial step in the domain of green hydrogen and green ammonia—one of the world's initial and most extensive partnerships. He emphasized India's competitive edge in producing these environmentally friendly fuels and envisioned the nation as a significant global supplier.

Mr. Hiroshi Suzuki, the Ambassador of Japan to India, conveyed robust backing for the partnership, underscoring the prospect of globally competitive green hydrogen in India. He advocated for the prompt signing of a Joint Declaration of Intent on Green Hydrogen and Green Ammonia between the two governments. Anchored by the India-Japan Clean Energy Partnership, this collaboration is positioned to catalyze achievements in the energy sector, representing a noteworthy milestone in the worldwide transition towards sustainable and renewable fuels.