Renewable energy company, ACME and the government of Karnataka, India, have signed a memorandum of understanding (MOU) to invest about Rs 52,000 crore (€6.35 million) to set up a green hydrogen and green ammonia project.
The MoU was signed by Sandeep Kashyap, COO at ACME and E V Ramana Reddy, additional chief secretary to government, commerce and industries department.
ACME will set up a 1.2 mtpa (million tons per annum) green hydrogen and green ammonia plant associated with captive solar power unit. The project will generate over 2,000 employment opportunities after completion of the plant. The project is planned between 2022 and 2027.
Shri Manoj Kr Upadhyay, founder & chairman of ACME says: ‘We are delighted to partner with the state of Karnataka in developing one of the largest and earliest green ammonia projects in the world. We will be a formidable player in accelerating the adoption of the green fuel globally. We are grateful to the government of Karnataka for their vision in building the State as a green hydrogen hub and extending their full support to this project.’
