Acme Solar Holdings Ltd and the Oman Company for the Development of the Special Economic Zone (SEZ) at Duqm (Tatweer) plan to invest $2.5 billion to manufacture green ammonia and green hydrogen in the West Asian country. The manufacturing facility planned at Duqm, Oman, is to supply green ammonia to Europe, America and Asia region. A memorandum of understanding (MoU) to set up a large-scale facility to produce 2,200 mt of green ammonia has been inked, according to an Acme Group statement.

Tatweer is the fully owned subsidiary of Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ). Green hydrogen gas is produced by splitting water into hydrogen and oxygen using an electrolyzer, and is powered by electricity generated from clean energy sources such as wind and solar.

“ACME has chosen Oman for its first large-scale green ammonia commercial project considering its strategic location, the support received from the government bodies and high solar irradiation in the country. Tatweer and ACME have identified the land parcel in the Duqm region to set up a large-scale facility of producing 2,200 MT of Green Ammonia per day with an investment of about $2.5 billion,” the Acme Group statement said.

Acme Solar, founded in 2003 by Manoj Kumar Upadhyay, has been looking at new business opportunities in energy storage, green hydrogen and ammonia. It plans to produce green hydrogen with Lhyfe Labs SAS of France as reported by Mint earlier.

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