ACME Group partners with Japan's IHI Corporation to develop India's largest green ammonia project in Odisha

Core Insights - ACME Group and IHI Corporation have established a joint venture to develop India's largest green ammonia project in Gopalpur, Odisha, following a Memorandum of Understanding signed in 2023 [1][9] - The project aims to produce approximately 0.4 million tonnes of green ammonia annually, primarily for Japanese end users in the power and chemical sectors, contributing to Japan's long-term decarbonization goals [2][10] - The initiative is expected to mitigate over 0.8 million tonnes of carbon dioxide emissions per year, supporting India's ambition to become a global hub for green hydrogen and its derivatives [2][10] Project Development - Significant milestones achieved include the establishment of a joint venture partnership, IHI's acquisition of a 30% stake in ACME Clean Energy Private Limited, securing necessary land, and completing the Front-End Engineering Design (FEED) [1][9] - Detailed project development activities are currently underway, including EPC contracting, renewable energy integration, and ammonia evacuation infrastructure arrangements, with a target commissioning date set for 2029-30 [5][10] Strategic Importance - The collaboration supports the National Green Hydrogen Mission's goal of making India a major producer and exporter of green hydrogen and derivatives, while enhancing Japan's sourcing strategy for clean fuels [8][10] - The project is positioned to bring large-scale industrial investment to Odisha, boosting local employment and skill development, and establishing the state as a leading green energy hub [8][10] - The partnership aligns with the shared vision of energy security and sustainability between India and Japan, as highlighted during the 15th Japan–India Annual Summit [6][10]