ACME, IHI Corporation’s Green Ammonia JV achieves ‘significant milestones’

Core Insights - ACME Clean Energy Private Ltd, a joint venture between India's ACME Group and Japan's IHI Corporation, is developing India's largest green ammonia project in Gopalpur, Odisha, achieving significant milestones since the MoU in 2023 [1][2] Group 1: Project Development - The project has established a joint venture partnership, secured necessary land, and completed the Front-End Engineering Design (FEED) by a global engineering firm [2] - The collaboration supports the India-Japan Clean Energy Partnership, contributing to sustainable energy solutions and strengthening bilateral ties [3] Group 2: Strategic Importance - The ACME-IHI collaboration creates a large-scale supply chain for green ammonia between India and Japan, supporting India's National Green Hydrogen Mission and Japan's clean fuel sourcing strategy [4] - The joint venture aims to position India as a major producer and exporter of green hydrogen and derivatives, while aiding Japan in decarbonizing its power generation and industrial sectors [4] Group 3: Leadership Statements - Manoj Kumar Upadhyay, Chairman of ACME Group, emphasized the joint venture's role in addressing energy security and sustainability concerns for both countries, contributing to India's leadership in green hydrogen and ammonia [5] - Hiroshi Ide, President and CEO of IHI Corporation, stated that the collaboration aims to secure green ammonia fuel value chains benefiting both nations and supporting global decarbonization goals [6]