India's Acme to invest USD 3.5bn in green hydrogen, ammonia production in Oman
Source: ARENA (arena.gov.au)
August 24 (Renewables Now) - Indian solar developer Acme Group has struck a land deal to build a green hydrogen and green ammonia production complex at the port of Duqm in Oman.
The Indian firm said on Monday it plans to pour USD 3.5 billion (EUR 2.98bn) into the project over the next three years. The plant is set to be built in several phases, the first one of which is planned to become operational by end-2022.
A land reservation agreement has been signed with The Public Authority for Special Economic Zones and Free Zones to build the facility at the special economic zone at the Port of Duqm. The complex will be powered by 3 GWp of solar and 0.5 GWp of wind turbine capacity to produce 2,400 tonnes of green ammonia daily, or 900,000 tonnes annually. The green ammonia will be exported to Europe and Asia.
US engineering firm Black & Veatch has been picked as owner’s engineer for the project.
Acme Group is currently commissioning a green hydrogen and ammonia plant in Bikaner, India, to be powered by a 5-MWp solar plant that could be scaled up to 10 MWp. The Indian firm owns 2.2 GWp of solar parks in operation and has an additional 3.05 GWp under construction.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.