The Oman Company for the Development of the Special Economic Zone at Duqm (Tatweer) and ACME Group (ACME) signed a memorandum of understanding (MoU) on March 08, 2021 to set up a large scale facility to produce Green Hydrogen and Green Ammonia at Duqm, OMAN .
Dr. Rashid Al Balushi and Mr. Manoj K Upadhyay the Chairman’s of Tatweer and ACME respectively signed the MoU.
The MoU aims to create a better world by producing Green Hydrogen and Green Ammonia from renewable energy to make energy transition as an enabler for the integration of higher shares of renewable energy in transportation and manufacturing sectors along with power sector. "Green" hydrogen is produced through electrolysis from renewable energy which becomes the raw material to make Green Ammonia.
ACME’s green initiatives in green Hydrogen & Ammonia sector begins with its pilot project in Rajasthan, India which is currently under construction and will be operational by April 2021. ACME has opted for Oman for its first large scale green ammonia commercial project considering the strategic location of the Oman, the support received from the Government bodies and high solar irradiation in the country. Tatweer and ACME has identified the land parcel in the Duqm region to set up a large scale facility of producing 2200 MT of Green Ammonia per day with an investment of ~ USD 2.5 billion.
Speaking to the press Mr Manoj Kumar Upadhyay Founder and Chairman of ACME group said " This is an exciting beginning of global alliances for producing green hydrogen & ammonia - the most important future source of energy that will help decarbonizing the world. This large scale plant is strategically planned to cater to international markets for supply of Green Ammonia across Europe, America and Asia region. ACME is geared to take up such large scale partnerships, bring indigenous and cutting edge technology to make green hydrogen and ammonia accessible affordably. We believe we can offfer viable solution to existing gas based power plants to reduce their carbon footprint and lower levelized cost of energy (LCOE) using green ammonia as fuel than current battery based storage solutions.
Quote from Salim Al Sulaimani, CEO of Tatweer, I am pleased to announce that ACME and Tatweer have decided to join hands in development of next generation green hydrogen production plant, a leapfrog step towards a carbon-neutral world. This association is aimed towards achieving Oman vision 2040 in alternative energy and has indeed boosted our bilateral ties with India to a new level
ACME is one of the largest solar IPP in India with 2.9 GWp of commissioned projects and 2.6 GWp in pipeline spread across 13 states. The company has an asset base of USD 2Bn and employs more than 1000 associates across various sites. The company's vision is to be in the top 10 cleantech companies in the world and an integrated solar player with an operating capacity of 10 GWp by 2025.
Tatweer is The Oman Company for the Development of Special Economic Zone at Al-Duqm SAOC (Tatweer), was incorporated in 2014 as 100% fully owned subsidiary of Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ). TATWEER is established to support OPAZ for development of Duqm Special Economic Zone, ensure infrastructure is constructed