Acme eyes green hydrogen biz in Oman

NEW DELHI : India’s largest pure-play solar platform Acme Solar Holdings Ltd plan to invest $2.5 billion to manufacture green ammonia and green hydrogen in Oman.

This manufacturing facility will be in Duqm, Oman, and will supply green ammonia to Europe, America and Asia region. A memorandum of understanding (MoU) to set up a large-scale facility to produce 2,200 metric tonnes (mt) of green ammonia per day has been inked with The Oman Company for the Development of the Special Economic Zone at Duqm (Tatweer), according to an Acme Group statement.

Green hydrogen gas is powered by electricity generated from clean energy sources such as wind and solar.