"Yara, a leading Norwegian company and GHC SAOC signed a firm and binding agreement for supply of ammonia with reduced CO2 emissions on a long-term basis," it said.

The long-term offtake agreement covers the supply of 1,00,000 tonne of renewable ammonia per annum by Acme from phase-1 of its Oman project with an expected start date in 2027, the company said.

The company is setting its offshore green ammonia project in Oman with a planned capacity of 9,00 000 tonne per annum to be developed in phases.

The renewable ammonia from ACME's project in Oman will be part of Yara's plans of developing a cost-efficient supply chain for low-emission ammonia across different market segments, Magnus Ankarstrand, President, Yara Clean Ammonia, said.