ACME and IHI sign MoU for green hydrogen and ammonia businesses
POWER & RENEWABLE ENERGY

ACME and IHI sign MoU for green hydrogen and ammonia businesses

ACME Group, a renewable energy company based in Gurugram, and IHI Corporation, a heavy-industry manufacturer based in Japan, announced that they had signed a memorandum of understanding (MoU) to collaborate on an investigation of green hydrogen's potential commercial opportunities.

In accordance to the MoU The two companies will carry out a joint study and evaluation of potential projects throughout the green hydrogen and ammonia value chain

The MoU allows IHI to participate as an investor in one or more ACME projects in Oman, India, the United States, or Egypt, as stated in the official press release. It also said that the two companies would look into ways to work together to provide customers with a comprehensive integrated solution that includes bunkering, green ammonia supply, and products or solutions for a variety of applications.

Manoj K. Upadhyay, Founder and Chairman of ACME Group, stated, "We will together explore opportunities across the green hydrogen and ammonia value chain, including production, handling, transportation, distribution, and power generation."

According to Jun Kobayashi, executive officer of IHI Corporation, ACME and IHI share a vision to develop novel strategies for producing and supplying clean energy to users worldwide.

ACME Group, a renewable energy company based in Gurugram, and IHI Corporation, a heavy-industry manufacturer based in Japan, announced that they had signed a memorandum of understanding (MoU) to collaborate on an investigation of green hydrogen's potential commercial opportunities. In accordance to the MoU The two companies will carry out a joint study and evaluation of potential projects throughout the green hydrogen and ammonia value chain The MoU allows IHI to participate as an investor in one or more ACME projects in Oman, India, the United States, or Egypt, as stated in the official press release. It also said that the two companies would look into ways to work together to provide customers with a comprehensive integrated solution that includes bunkering, green ammonia supply, and products or solutions for a variety of applications. Manoj K. Upadhyay, Founder and Chairman of ACME Group, stated, We will together explore opportunities across the green hydrogen and ammonia value chain, including production, handling, transportation, distribution, and power generation. According to Jun Kobayashi, executive officer of IHI Corporation, ACME and IHI share a vision to develop novel strategies for producing and supplying clean energy to users worldwide.

Next Story
Infrastructure Urban

Karnataka Seeks Rs.5,000 Crore World Bank Aid for Disaster Resilience

To strengthen Bengaluru's status as a global IT-BT hub while addressing its vulnerability to natural disasters, the Karnataka government has sought Rs.50 billion in financial assistance from the World Bank under a proposal called the Disaster Resilience Initiative. Of this, Rs.35 billion is earmarked for Bengaluru, with the remaining Rs.15 bilion allocated for disaster-prone cities like Belagavi and Mangaluru. According to government officials, Rs.25 billion will go to the Bruhat Bengaluru Mahanagara Palike (BBMP) for modernising the city’s stormwater drains, which have been neglected for t..

Next Story
Building Material

JSW Group and POSCO to Establish Greenfield Steel Plant in Keonjhar

Odisha Chief Minister Mohan Charan Majhi announced that JSW Group, in collaboration with South Korean steel giant POSCO, will set up a greenfield steel facility in his home district of Keonjhar. This development follows speculation regarding the location of the joint venture. During his two-day visit to Keonjhar to celebrate Diwali, Majhi disclosed that discussions about the steel plant took place during roadshows for the upcoming Make-in-Odisha conclave held in Delhi and Mumbai. He confirmed that the two companies have signed a Memorandum of Understanding (MoU) to establish the plant, which w..

Next Story
Infrastructure Energy

Coal India Eyes Dividend Return

Coal India Ltd. (CIL) is optimistic about rejoining the list of dividend-paying companies, primarily due to a notable improvement in the performance of its subsidiary, Eastern Coalfields Ltd. (ECL). ECL’s operational efficiency and financial performance have seen considerable progress, contributing positively to CIL’s overall profitability. After missing its dividend payout last year—a rarity given its history as a reliable dividend stock—CIL is working to restore shareholder confidence through enhanced production targets and cost-cutting measures. ECL's focused strategy on boosting pr..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000