ACME Group has signed an agreement with Tata Steel Special Economic Zone Ltd. (TSSEZL) to establish a green hydrogen and green ammonia project at the Gopalpur Industrial Park (GIP) in Odisha. This will be the largest single location green hydrogen and its derivatives manufacturing facility in the country, TSSEZL said in a statement.
Under the definitive agreement, ACME Clean Energy Private Ltd. (ACME Group) will acquire 343 acres of land in TSSEZL’s Gopalpur Industrial Park (GIP), located in the Ganjam district of Odisha, to set up the green hydrogen and derivatives unit.
The total investment in this project by ACME Group is estimated to be Rs 27,000 crore, which will be invested in phases.
ACME Group plans to set up a nearly 1.3 MTPA green ammonia production facility at GIP. This green ammonia will be produced from green hydrogen, and the production facilities will be powered by renewable power.
The green ammonia produced at this facility will be exported to markets in the west and east from the existing Gopalpur Port facility, which is near the project site. The utility corridor between Gopalpur Industrial Park and Gopalpur Port provides a dedicated corridor for smooth logistics and pipeline connectivity, TSSEZL said.