On Friday, ACME Group, the renewable energy firm, said that it had signed a land agreement with Tata Steel Special Economic Zone (TSSEZL) for 343 acres for its green hydrogen and green ammonia project at the Gopalpur Industrial Park in Odisha.
According to the company’s statement, it is planning to set up a 1.3 MTPA green ammonia production facility. This green ammonia will be made from green hydrogen, and the production facilities will be run by renewable power.
It also added that the green ammonia produced at this facility will be exported from the existing port facilities at Gopalpur to the western and eastern markets. For this project, ACME Group plans to collaborate with Japan’s IHI Corporation..
Manoj K. Upadhyay, founder and chairman of ACME Group said, “This project will help us offer Make in India green hydrogen and green ammonia to domestic and international markets at competitive prices… Japan’s IHI signed a preliminary agreement during the Invest Odisha Summit in Tokyo to invest in green energy projects in Odisha.”
The company also mentioned that in Odisha, it would be the first green hydrogen project.
Hemant Sharma, IAS, Principal Secretary, Industries Department and Chairman, IDCO & IPICOL, Government of Odisha said that they envision Odisha as the hub of green hydrogen and green ammonia and a leader in the green fuel economy and to catalyze that vision, they were offering best-in-class incentives.
TSSEZL, a 100% subsidiary of Tata Steel, is developing its flagship industrial park, Gopalpur Industrial Park (GIP), in the Ganjam district of Odisha. The company’s goal is to develop GIP into a developing production centre for both domestic and export-oriented industries.
