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					</table><p><a href="https://www.acme.in/" target="_blank" rel="noopener">ACME Group</a>, a renewable energy company, and <a href="https://www.ihi.co.jp/en/" target="_blank" rel="noopener">IHI Corporation</a>, a Japan-based integrated heavy industry group, have inked an offtake term sheet for the supply of green ammonia from India to Japan.</p>
<p>The agreement is aimed at contributing to India&#8217;s <a href="https://www.mercomindia.com/cabinet-approves-%e2%82%b9197-billion-hydrogen-mission" target="_blank" rel="noopener">National Green Hydrogen Mission</a> (NGHM) and Japan&#8217;s net-zero commitment.</p>
<p>The green ammonia supply will originate from ACME&#8217;s 1.2 million metric tons per annum (MMTPA) green ammonia project situated in Gopalpur, Odisha. ACME will supply 0.4 MMTPA of green ammonia from Phase I of the project on a long-term basis.</p>
<p>The first production is expected by 2027. Over its life cycle, the project aims to reduce global greenhouse gas emissions by 54 million tons of CO2 equivalent.</p>
<p>With a total investment of $5 billion for the ammonia plant, ACME and IHI plan to compete with the more conventional yet less environmentally friendly blue ammonia.</p>
<p>The collaboration will extend beyond supply, encompassing the entire value chain, from production to logistics, with a focus on creating a robust market for green ammonia in Japan.</p>
<p>Union Minister for <a href="https://powermin.gov.in/" target="_blank" rel="noopener">Power</a> and <a href="https://mnre.gov.in/" target="_blank" rel="noopener">New &amp; Renewable Energy</a> R. K. Singh, who was present at the signing of the term sheet, emphasized that India is poised to become one of the largest manufacturers of these eco-friendly fuels globally, with competitive rates.</p>
<p>Ambassador of Japan to India, Hiroshi Suzuki, highlighted the India-Japan Clean Energy Partnership, as a driving force behind this cooperation.</p>
<p>Ashwani Dudeja, president and director of ACME Group, emphasized India&#8217;s favorable position in developing renewable resources and producing competitive green molecules for both export and domestic consumption.</p>
<p>ACME Group is an independent power producer with over 5 GW of renewable energy capacity. The company said it envisions a portfolio of around 10 MMTPA of green ammonia or equivalent hydrogen/derivatives by 2032.</p>
<p>Recently, the Japan Bank for International Cooperation and the Government of India (GoI) <a href="https://www.mercomindia.com/india-japan-launch-low-carbon-emission-strategies" target="_blank" rel="noopener">signed</a> an agreement to establish a $600 million India-Japan Fund to address climate and environmental challenges.</p>


ACME, IHI Corporation Partner for Green Ammonia Supply from India to Japan

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