ACME Group to set up green ammonia, green hydrogen facility in Oman

ACME Group on Monday said it has signed a land agreement to set up a USD 3.5 billion green ammonia project at Special Economic Zone at the Port of Duqm in Oman.

The agreement was signed with The Public Authority for Special Economic Zones and Free Zones, a Government authority of Oman, the firm said in a statement.

In March this year, The Oman Company for the Development of the Special Economic Zone at Duqm (Tatweer) and ACME Group had signed a memorandum of understanding (MoU) to set up a large-scale facility to produce green hydrogen and green ammonia.