The project entails an investment of Rs 52,474 crore
ACME Group today announced a green hydrogen and green ammonia project in the state of Tamil Nadu. The initial agreement with the State Government was signed in presence of Hon’ble Chief Minister of Tamil Nadu Thiru M K Stalin during the Tamil Nadu Investment Conclave. The project entails an investment of Rs 52,474 crore.
Speaking about this development, Mr. Manoj K Upadhyay, Founder & Chairman, ACME Group said, “I would like to thank the Hon’ble Chief Minister Mr. M K Stalin and his team for accepting our proposal for setting up a plant in the state of Tamil Nadu. This will be one of the largest plants in India and perhaps the largest in the world.” This plant will produce green hydrogen and ammonia, which will help to de-carbonize sectors such as fertilizers, power, refining and steel, among others. The project requires four ingredients – solar radiation, access to port, availability of land and skilled resources. Tamil Nadu offers all of these. It is speculated to be one of the largest plants in India and perhaps largest in the world.
Mr. Sandeep Kashyap, COO, ACME Group added, “This project will comprise 5,000 mw of solar PV plant, 1.5 GW of the electrolyzer and 1.1 million tonnes of ammonia synthesis loop.” He further added, ACME is willing to work with the Government to help not only to build this project but also to create an ecosystem of smaller units. “We extend our gratitude to the Government of Tamil Nadu for the confidence and support offered to us.” he concluded.