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India to invest in green hydrogen and ammonia project

India to invest in green hydrogen and ammonia project

One of India’s leading renewable energy companies, ACME Group, is working with the Government of Karnataka (SW India) to establish a green hydrogen and green ammonia production plant.

Having signed a Memorandum of Understanding yesterday (6th June), ACME will set up a 1.2 million tonnes per annum (mtpa) plant in the region.

According to the Chief Minister of Karnataka, Shri Basavaraj Bommai, the 520 billion rupees ($6.70 billion) project reinforces Karnataka’s status as an ‘ideal destination’ for investment.

“Karnataka has been successful in drawing highest Foreign Direct Investments (FDI) among the States in the country.”

“The FDI inflow during the last three quarters is testimony to these achievements.”

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