The long-term offtake agreement covers the supply of 1,00,000 tonne of renewable ammonia per annum by Acme from phase 1 of its Oman project, with an expected start date of 2027
Norway-based Yara has roped in ACME Cleantech for the supply of 1 lakh tonne of green ammonia annually from the homegrown entity's plant in Oman.
The binding agreement has been signed through GHC SAOC, which is a wholly owned subsidiary of Acme Cleantech, ACME Group said in a statement.
"Yara, a leading Norwegian company, and GHC SAOC signed a firm and binding agreement for the supply of ammonia with reduced CO2 emissions on a long-term basis," it said.
The long-term offtake agreement covers the supply of 1,00,000 tonne of renewable ammonia per annum by Acme from phase 1 of its Oman project, with an expected start date of 2027, the company said.
The company is setting up its offshore green ammonia project in Oman with a planned capacity of 9,00,000 tonne per annum to be developed in phases.
The renewable ammonia from ACME's project in Oman will be part of Yara's plans to develop a cost-efficient supply chain for low-emission ammonia across different market segments, Magnus Ankarstrand, President, Yara Clean Ammonia, said.
ACME Group Director Ashwani Dudeja said, "We have concluded the deal with Yara, which will serve as an anchor customer for our solar-based ammonia project being developed in Oman. This agreement is only a start and will facilitate further cooperation between the two companies while playing a vital role in accelerating the adoption of green hydrogen and its derivatives."