Acme Solar plans $2.5bn hydrogen investment in Oman

Indian solar firm Acme has signed a memorandum of understanding (MoU) to develop a green hydrogen and green hydrogen production facility in the Duqm industrial zone in Oman

India’s Acme Solar Holdings is planning to invest $2.5bn in a scheme to manufacture green ammonia and green hydrogen in Oman.

The ammonia and hydrogen facility is due to be developed in the Duqm industrial zone, with the aim of supplying green ammonia to Europe, America and Asia.

Acme signed a memorandum of understanding (Mou) with the Oman Company for the Development of the Special Economic Zone at Duqm (Tatweer) to develop a facility with the capacity to produce up to 2,200 metric tonnes of green ammonia per day.

Acme is currently developing a pilot green hydrogen and ammonia plant in Rajasthan, India, which is due to start operation in April this year.