ACME Group, a renewable energy firm, and IHI Corporation, an integrated heavy industry group from Japan, have signed an offtake term agreement for the supply of green ammonia from Odisha, India, to Japan. The Founder and Chairman of Acme Group, Manoj Upadhyay, and the President and CEO of IHI Corporation, Hiroshi Ide, inked the term sheet.
The signed term sheet between IHI and Acme outlines the provisions for the supply of 0.4 million metric tons per annum (MMTPA) of green ammonia from phase one of the Odisha project situated in Gopalpur on a long-term basis. Both companies intend to collaborate across the entire value chain, encompassing production, logistics, and supply to Japanese customers.
As reported by Indian Defence News, the aim is to establish a robust market for green ammonia, intending its utilisation in various applications such as power generation and diverse industrial uses in Japan, thereby contributing to an overall reduction in emissions.
President and Director, Acme Group, Ashwani Dudeja said, “India is well positioned to develop the renewable resources and produce competitive green molecules for export as well as domestic consumption in applications which are otherwise difficult to decarbonise”.
Director and Managing Executive Officer, IHI Corporation, Jun Kobayashi added, “The agreement builds upon our earlier MoU with ACME and represents the strong relationship and alignment between the two companies in developing the market for this new generation fuel”.
