India’s ACME Group and Japan’s IHI Corporation have inked a groundbreaking deal for the supply of 0.4 million metric tons per annum (MMTPA) of green ammonia from Odisha, India, to Japan. The agreement, signed by Manoj Upadhyay, ACME Group’s Founder and Chairman, and Hiroshi Ide, President and CEO of IHI Corporation, establishes a long-term partnership covering production, logistics, and supply of green ammonia for diverse industrial uses in Japan, ultimately aimed at reducing emissions.
ACME and IHI’s Green Ammonia Supply Pact: Key Points
- The signing ceremony witnessed the presence of notable figures, including Union Minister R. K. Singh and Ambassador Hiroshi Suzuki, emphasizing the strategic importance of the collaboration.
- The term sheet outlines a comprehensive partnership along the green ammonia value chain, targeting applications in power generation and various industries in Japan.
- Minister R. K. Singh highlighted the global significance of the agreement, positioning India as a major player in green hydrogen and green ammonia production.
- Ambassador Hiroshi Suzuki expressed Japan’s unwavering support and urged the swift signing of a joint declaration involving the energy ministries of both nations.
- The green hydrogen and ammonia project in Gopalpur, Odisha, with a planned capacity of 1.2 MMTPA, aims to commence production by 2027, contributing to a 54 million-ton reduction in CO2 equivalent emissions over its lifecycle.
Important Questions Related to Exams
- Who is the Founder and Chairman of ACME Group?
- What is the annual supply capacity of green ammonia from Odisha to Japan under the ACME-IHI agreement?
- In which state is the green hydrogen and ammonia project located?
- Who urged the early signing of the Green Hydrogen and Green Ammonia Joint Declaration of Intent?
- Which ministry does the joint declaration involve, according to Ambassador Hiroshi Suzuki’s statement?
- Who highlighted the strategic importance of the ACME-IHI partnership in the energy sector?
- What is the expected reduction in CO2 equivalent emissions over the life cycle of the Gopalpur project?
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