Novel Hydrogen Offtake Agreement Paves the Way for Green Ammonia Trade in India
While most H2 project developers struggle, ACME secures domestic offtake for renewable ammonia project, showcasing innovative green credit strategy for replicating success in the hydrogen space.
ACME's recent string of hydrogen agreements, particularly this domestic deal with IFFCO, highlights their strategic prowess in a sector where many projects struggle to secure offtake agreements. Their innovative approach to offtake and creative use of green credit trading mechanisms could provide a valuable blueprint for other developers. This deal marks ACME and Indian origin clean energy developer as a pioneering force in the green hydrogen market, demonstrating the commercial viability of such projects while setting a precedent for sustainable business models within the industry.
Concise Summary
IFFCO, India's major fertilizer cooperative, signs MOU with ACME to buy 200,000 mt of renewable ammonia for eco-friendly fertilizer manufacturing.
The ammonia will come from ACME's Odisha project, set to begin around late 2026.
This deal aligns with India's emission reduction goals and marks ACME's third major green hydrogen-related commercial transaction.
ACME is developing renewable hydrogen/ammonia projects in India, the Middle East and the US.
ACME’s most advanced project is in Duqm in Oman where it is spearheading a project with Scatec with a planned capacity of 900,000 mt/year renewable ammonia in phases and Yarra Clean Ammonia is a buyer.
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