Renewable energy firm ACME Group has announced a significant partnership with Tata Steel Special Economic Zone (TSSEZL) to establish a green hydrogen and green ammonia project in Odisha’s Gopalpur Industrial Park. Under the agreement, ACME Group will acquire 343 acres of land from TSSEZL for the ambitious venture.
The primary objective of the project is to set up a 1.3 million metric tons per annum (MTPA) green ammonia production facility. This green ammonia will be produced using green hydrogen and will be manufactured with the support of renewable power sources. The production process is designed to be sustainable and environmentally friendly.
ACME Group plans to leverage its partnership with Japan’s IHI Corporation to realize this groundbreaking project. The green ammonia produced at the facility will be exported to markets in both Western and Eastern regions, utilizing the existing Gopalpur port facilities.
Manoj K. Upadhyay, founder and chairman of ACME Group, highlighted the significance of this endeavor in terms of offering competitively priced green hydrogen and green ammonia to both domestic and international markets. He also emphasized the importance of the partnership with IHI Corporation, which has demonstrated its commitment to investing in green energy projects in Odisha.
Hemant Sharma, IAS, Principal Secretary of the Industries Department and Chairman of IDCO & IPICOL, Government of Odisha, expressed his vision for the state to become a prominent hub for green hydrogen and green ammonia. He emphasized that the government is offering attractive incentives to catalyze this vision and position Odisha as a leader in the green fuel economy.
This partnership between ACME Group and Tata Steel SEZ marks a significant step towards realizing a sustainable and green energy future for the region. As the project progresses, it will contribute to the state’s efforts to establish itself as a manufacturing hub for both domestic and export-oriented industries, in line with TSSEZL’s Gopalpur Industrial Park development plans.