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Sinochem News, according to a report from Gas World Network, New Delhi, June 7, 2022, ACME Group, one of India's leading renewable energy companies, is currently working with the government of Karnataka state in southwest India to build a green hydrogen and green ammonia production plant
.
Following the signing of a memorandum of understanding on June 6, ACME Group will build a green hydrogen and green ammonia production plant with an annual output of 1.
2 million tonnes in Karnataka
.
According to Karnataka Chief Minister Shri Basavaraj Bommai, the project strengthens Karnataka's status as an "ideal investment destination"
.
Karnataka has emerged as the single state that attracts the most foreign direct investment (FDI) in India
.
Funding inflows over the past 3 quarters are testament to these achievements
.
Green hydrogen is expected to play a key role in India's ongoing energy transition as the industry moves towards sustainable solutions
.
Green ammonia, made with hydrogen produced from water splitting powered by renewable energy, could help ease concerns about fertilizer shortages
.
Shri Maoj Kr Upadhyay, founder and chairman of ACME Group, commented: "We are delighted to be partnering with Karnataka to develop one of the largest and earliest green ammonia projects in the world
.
" "We will be a leader in accelerating the global adoption of green A strong player in fuel
.
"
Earlier this year, ACME Group created the world's first semi-commercial scale green hydrogen and green ammonia production plant in Bikanal, Rajasthan
.