Yara signs offtake agreement for green ammonia from Oman: Norway's fertilizer manufacturer Yara International signed an agreement with Green Hydrogen and Chemicals Company (GHC) — a subsidiary of Indian renewable energy company Acme Cleantech — to buy 100k tons of green ammonia annually from its Oman plant, according to a statement released on Friday. The initial phase of GHC’s green hydrogen and ammonia project in Oman is scheduled to begin in 2027.

About Acme's Oman plant: The project will have the capacity to produce 100k tons of green ammonia annually. The capacity is expected to expand to 1.2 mn tons per annum with about 3.5 GW of electrolyzer capacity powered by 5.5 GW of solar energy. Acme Group secured a INR 40 bn (c. USD 487.8 mn) loan from Indian infrastructure financial institution REC Limited in July for the project which it is building with Norway’s Scatec.

Acme also has a green project underway in Egypt: A group comprising Egypt’s Suez Canal Economic Zone (SCZone), Orascom, Elsewedy Electric and India’s Acme Group agreed to begin construction on a USD 12 bn green hydrogen plant in the SCZone last July.

Tags: