PINAKI MAJUMDAR
Jamshedpur, Aug 26: Tata Steel Special Economic Zone Limited (TSSEZL) and diversified renewable energy company ACME Group entered into a Memorandum of Understanding (MoU) for establishing a green hydrogen and green ammonia project at the Gopalpur Industrial Park in Odisha, making it the first ever green hydrogen project of the state and also east cost of India.
This will be the largest single location green hydrogen and its derivatives manufacturing facility in the country.
Under the definitive agreement, ACME Clean Energy Private Limited (ACME Group) will acquire 343 acres of land in TSSEZL’s Gopalpur Industrial Park (GIP), located in Ganjam district of Odisha, to set up green hydrogen and its derivatives unit.
The total investment in this project by ACME Group is estimated to be Rs 27,000 crore, which will be invested in phases.
The MoU was signed between Manikanta Naik, managing director, TSSEZL, and Sandeep Kashyap, Chief Operating Officer, ACME Group, in the presence of Hemant Sharma, principal secretary, industries department, Government of Odisha.
Hemant Sharma said, “We envision Odisha as the hub of green hydrogen and green ammonia and a leader in the green fuel economy. The state government is firmly committed to green energy, recognizing it as the fulcrum of our future. To catalyze this vision, we’re offering best-in-class incentives. Our progressive policy is a testament to our dedication towards a sustainable and prosperous future.”
ACME Group plans to set up a nearly 1.3 MTPA green ammonia production facility. This green ammonia will be produced from green hydrogen, and the production facilities will be powered by renewable power.
The green ammonia produced at this facility will be exported to markets in the west and east from the existing Gopalpur Port facility, which is near the project site. The utility corridor between Gopalpur Industrial Park and Gopalpur Port provides a dedicated corridor for smooth logistics and pipeline connectivity.
