The company said it has signed an initial agreement with the state government which hopes to facilitate production of the fuels to decarbonise areas of the country’s industry.
H2 View understands the project will consist of a solar plant which will power a 1.5GW electrolyser and 1.1 million tonnes of ammonia synthesis loop.
Sandeep Kashyap, Chief Operating Officer of ACME Group, commented, “ACME is willing to work with the Government to help not only to build this project but also to create an ecosystem of smaller units. We extend our gratitude to the Government of Tamil Nadu for the confidence and support offered to us.”
Last month (June 2022), ACME released plans for a $6.7bn green hydrogen and ammonia project in the state of Karnataka, showcasing the firm’s ambitions to encourage the uptake of clean fuel.
Manoj Upadhyay, founder and Chairman of ACME Group, said, “This will be one of the largest plants in India and perhaps the largest in the world. This plant will produce green hydrogen and ammonia, which will help to decarbonise sectors such as fertilisers, power, refining and steel, among others.
“The project requires four ingredients: solar radiation, access to port, availability of land and skilled resources. Tamil Nadu offers all of these. This will be one of the largest plants in India and perhaps largest in the world.”
Why India is a country to watch when it comes to hydrogen production
It’s now almost a cliché that green hydrogen has become the new gold rush of our times and this is a global phenomenon. Yet it’s quite ironic that only three years ago we were being laughed out of ministers’ offices in many developing economies – particularly India – when we raised the prospect of green hydrogen to address energy imbalances and oil import deficits. Hydrogen was considered expensive and too “over the horizon” for active consideration by incumbent governments.
Now a confluence of factors have worked together to create a paradigm shift in the mindset for clean energy and mobility. The great Covid-19 lockdowns, supply chains collapsing, oil and freight price volatility, geopolitical instability (and recently war in Europe) have helped focus the minds of policymakers and regulators in many countries on implementing strategies to de-lever from our collective addiction to hydrocarbon based energy sources.
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