IGX, Acme to develop green hydrogen, ammonia

Renewable energy company Acme Group and Indian Gas Exchange have signed a memorandum of understanding (MoU) to collaborate on developing the green hydrogen and ammonia market in India.

Acme said the MoU was signed by Manoj Kumar Upadhyay, founder and chairman of Acme Group, and Rajesh Kumar Mediratta, managing director and CEO of IGX, at the India Energy Week in Goa.

Acme Group is an independent renewable-power producer in India, with a portfolio of more than 5GW of renewable-energy capacity under operation and various stages of implementation. In 2021, it built what was perhaps the world’s first green ammonia plant in Bikaner, Rajasthan.

It is developing green hydrogen and ammonia projects in India, Oman and the US and aims to have a portfolio of 10 million metric tonnes per annum (MMTPA) of green ammonia or equivalent hydrogen and derivatives by 2032. It has offices and representatives in Japan, the Middle East, Europe and the US for the marketing and supply of green hydrogen and its derivatives to international markets.