India’s ACME and BASF to supply green ammonia to Europe

India’s ACME Cleantech and Germany-based chemical company BASF have signed a Heads of Agreement (HoA) to supply green ammonia to Europe and a memorandum of understanding (MoU) to explore further collaboration in the green ammonia business, ACME Group said.

ACME Cleantech is looking to set up green hydrogen and green ammonia projects at Tuticorin and Gopalpur in India.

In March this year, the Acme Cleantech signed a firm and binding agreement with with Norway’s Yara for supply of ammonia with reduced CO2 emissions on a long-term basis.

ACME is already setting up a green ammonia project in Oman with a planned 900,000 tonnes/year capacity to be developed in phases.

“This partnership aligns with our commitment to sustainability and innovation, covering the entire value chain from production to market development,” it said.

The collaboration drives cross-border collaboration, reinforces both the region’s commitment to decarbonisation and accelerates the adoption of green hydrogen and ammonia, the company said.

ACME Cleantech is one of the largest renewable energy producers and among the top ten renewable energy players in India.