ACME Group, Scatec to develop green ammonia facility in Oman

The facility is expected to produce 100,000 tonnes of green ammonia annually.

India-based ACME Group and Norway-based Scatec signed an agreement to invest in the development and operation of a large-scale green ammonia facility in Oman.

In a statement, ACME said the first phase of the facility project, which is a 50-50 joint venture, is expected to produce 100,000 tonnes of green ammonia yearly.

This will be expanded to 1.2 million tonnes per annum with around 3.5 gigawatts (GW) of electrolyser capacity which will be powered by 5.5GW-peak of the solar plant.

The facility will be located in the Duqm Special Economic Zone of Oman.

Overall schedule of the project is still in the works, according to ACME Group, adding that the two firms are in advanced discussion with reputable off-takers for 20 to 25-year contracts for the financing of the project which is expected to be funded through equity and project finance debt.

Follow the link s for more news on

ACME

Scatec

ACME Group-Scatec green ammonia project in Oman

Also Read

NSW OKs Liverpool Range Wind Farm expansion

SPNEC faces delays in project over right-of-way, grid connection issues

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

India’s Rajasthan and Gujarat need policy reforms to fuel RE transition

Some steps they could take are implementing green tariffs and setting infrastructure funds.

16 hours ago

Global clean energy tech market to hit $2t by 2035

This is fuelled by investments as countries aim to enhance energy security.The global clean energy technology market is projected to grow from $700b in 2023 to over $2t by 2035, nearing the scale of the crude oil market, according to the International Energy Agency (IEA).This growth is fuelled by significant investments in clean technology manufacturing as countries aim to enhance energy security, maintain economic competitiveness, and cut emissions. Investment is concentrated in regions with established positions in clean energy, particularly China, the European Union, the UK, and increasingly, India.Whilst the US, EU, and India have taken measures to support their clean energy sectors, China is expected to remain the world's manufacturing hub. By 2035, China's clean technology exports are forecasted to exceed $340b—comparable to projected oil export revenues from Saudi Arabia and the UAE.Southeast Asia, Latin America, and Africa contribute less than 5% of global cleantech production value, yet the IEA suggests that these areas still hold opportunities within the clean energy economy. Developing economies, for instance, could leverage competitive advantages to advance in the value chain beyond resource extraction.The IEA said Southeast Asia could become one of the most cost-effective regions for producing polysilicon and wafers for solar panels over the next decade.

17 hours ago

NSW OKs Liverpool Range Wind Farm expansion