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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code