India’s ACME Group gets $490 million in funding for Oman project for green hydrogen and ammonia.
Indian renewable energy company ACME Group said it raised 40 billion rupees ($487.98 million) in fresh funding from infrastructure finance firm REC (RECM.NS), to start its green hydrogen and ammonia project in Oman.
The money will be used for the first phase of the project, which will be established at the special economic zone in Duqm, Oman, the group said in a statement.
The facility is expected to produce 100,000 tons of green ammonia annually in its starting phase. It will then be expanded to 1.2 metric million tons per annum with about 3.5-gigawatts of electrolyser capacity.
India’s ACME Group gets $490 million in funding for Oman project, July 22, 2023
ACME Group Ammonia
KBR and Air Liquide to offer low carbon ammonia solutions with ATR technology. KBR (NYSE: KBR) announced that it willnow offer its clients the option to include a fully integrated and flexible Autothermal Reforming…
WinGD on track to deliver ammonia engines in 2025. Swiss marine power company WinGD is on track to deliver its first X-DF-A dual-fuel ammonia engines by the first quarter of 2025, with the first X-DF-A powered vessels…
JERA and ADNOC signed a strategic collaboration agreement related to cooperation in clean hydrogen and ammonia fields. JERA Co., Inc. (“JERA”) has concluded a Strategic Collaboration Agreement (“SCA”) with ADNOC…
