{"id":88233,"date":"2024-11-26T00:00:00","date_gmt":"2024-11-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/11\/26\/acme-partners-with-basf-on-green-ammonia-projects\/"},"modified":"2024-11-26T00:00:00","modified_gmt":"2024-11-26T00:00:00","slug":"acme-partners-with-basf-on-green-ammonia-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/11\/26\/acme-partners-with-basf-on-green-ammonia-projects\/","title":{"rendered":"Acme partners with BASF on green ammonia projects"},"content":{"rendered":"

India\u2019s <\/strong>Acme <\/strong>+ Germany\u2019s BASF partner on green ammonia:<\/strong> Indian renewable energy company Acme Cleantech and German chemicals company BASF signed a Heads of Agreement (HoA) to supply green ammonia to Europe and an MoU to explore further collaboration in the green ammonia business, according to a statement<\/a>. No financial details or timeline were disclosed for the collaboration.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Acme is working in Oman: <\/strong>Norway's fertilizer manufacturer Yara International signed an agreement with Acme\u2019e subsidiary Green Hydrogen and Chemicals Company (GHC) to buy 100k tons of green ammonia<\/a> annually from the latter\u2019s Oman plant last March. Acme also signed an MoU with the German liquid organic hydrogen carriers (LOHC) firm Hydrogenious LOHC Technologies to jointly explore<\/a> the development of hydrogen supply chains from Acme\u2019s Omani plants to hubs in Europe in April.<\/p>\n

IN OTHER INDIA UPDATES- India working on carbon credit agreements<\/strong>: <\/strong>India is working to finalize a potential carbon credit agreement with Japan by early 2025 and looking to advance similar talks with South Korea and Singapore, targeting March 2026 completion, Bloomberg<\/a> reports, citing unidentified sources familiar with the private negotiations. India is hoping to attract investment to fund decarbonization projects that generate credits. Germany and Sweden are also on India\u2019s radar for possible agreements. <\/p>\n

COP29 paved the way for the deliberations: <\/strong>India\u2019s bilateral talks are being held under Article 6.2 of the Paris Agreement. The summit had a major breakthrough<\/a> with an end to the deadlock on global carbon market rules by agreeing to \u201cfully operationalize\u201d Article 6.4 under the Paris Agreement. The regulated system would enable trading carbon credits \u2014 each representing one ton of CO2 reduced or removed \u2014 on a country level to support governments in meeting emissions targets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Acme and BASF will explore exporting ammonia to Europe<\/p>\n","protected":false},"author":1,"featured_media":88234,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[71],"tags":[70,98,11,241],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-carbon-markets","tag-enterpriseclimate","tag-green-ammonia","wpautop","entry"],"acf":{"mongo_id":"9c79af80-e61e-42f8-9c88-4efa13b2c9a5","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/2421.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acme partners with BASF on green ammonia projects","related_issue":[88215],"teaser":"Acme and BASF will explore exporting ammonia to Europe","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.4f5385b7-73a7-466b-8ddf-cf83c6333107.mp3"},"yoast_head":"\nAcme partners with BASF on green ammonia projects - 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