ACME Group and IHI Corporation signed an offtake term sheet for the green ammonia supply from India to Japan
ACME said, 0.4 MMTPA of green ammonia from Phase-1 of the Odisha project will be delivered to Japan on a long term basis. Both companies aim for this agreement to start from production to logistics, supply to the Japanese customers and contribute to the developement of the green ammonia market in Japan for various application areas.
ACME continued, “This strategic alignment represents the dedication of both companies to build upon the existing strong relationship between the two countries and contribute to both India’s National Green Hydrogen mission as well as Japan’s Net Zero commitment, with a shared vision of sustainability and innovation.”
Director and Managing Executive Officer of IHI Corporation, Jun Kobayashi said, “This agreement builds upon our earlier MoU with ACME and represents the strong relationship and alignment between the two companies in developing the market for this new generation fuel.”
OFFSHORE ENERGY
