+
ACME Cleantech to supply green ammonia to Yara
ECONOMY & POLICY

ACME Cleantech to supply green ammonia to Yara

Norway-based Yara has roped in ACME Cleantech for supply of 1 lakh tonne of green ammonia annually from the homegrown entity's plant in Oman. The binding agreement has been signed through GHC SAOC, which is a wholly owned subsidiary of Acme Cleantech.

"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.

Norway-based Yara has roped in ACME Cleantech for supply of 1 lakh tonne of green ammonia annually from the homegrown entity's plant in Oman. The binding agreement has been signed through GHC SAOC, which is a wholly owned subsidiary of Acme Cleantech. 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.

Next Story
Infrastructure Urban

CJ Logistics’ Global CEO visits India to align growth strategy

Jonathan Song, newly appointed CEO of the Global Business Division at South Korea-based CJ Logistics, concluded a strategic three-day visit to India from July 29 to 31, reinforcing the company’s long-term commitment to the market through its subsidiary, CJ Darcl Logistics Ltd. Mr Song held high-level discussions with the CJ Darcl leadership and key customers to understand India’s evolving logistics needs, identify synergy areas, and enhance business alignment. His visit highlighted the strategic significance of India in CJ Logistics’ global network, especially amid the country’s g..

Next Story
Real Estate

Max Towers secures five star rating in safety audit by British Council

Max Estates, a leading NCR-based real estate developer, has achieved a five star rating in its first attempt at the British Safety Council’s ‘Five Star Occupational Health and Safety’ Audit for Max Towers, its premium commercial office project in Noida. The grading reflects the organisation’s commitment to the continual improvement of its occupational health and safety systems. The comprehensive audit covered documentation, interviews with senior management and employees, stakeholder feedback, and rigorous sampling of on-ground activities. It assessed performance against best prac..

Next Story
Real Estate

India’s Tier 2 & 3 Cities: The Next Growth Frontier for Real Estate

Introduction India’s metropolitan cities have long dominated the real estate landscape, shaping both market trends and public discourse, but the narrative is shifting towards India’s tier 2 and 3 cities. Beyond the metro cities, Tier 2 and Tier 3 cities such as Indore, Ahmedabad, Chandigarh, Jaipur, Coimbatore, Lucknow, Bhubaneswar, Kochi, Surat, Guwahati, and many others are emerging as vibrant real estate hubs. This growth is driven by impetus from rapid urbanisation, logistics corridors like the Delhi Mumbai Industrial Corridor, IT/ITeS investment zones, emergence of global capabil..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?