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    Home > Chemicals Industry > International Chemical > Renewable energy group ACME partners with Scatec to develop large-scale green ammonia facility

    Renewable energy group ACME partners with Scatec to develop large-scale green ammonia facility

    • Last Update: 2022-04-24
    • Source: Internet
    • Author: User
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    Renewable energy company ACME Group signed an agreement with Norway-based Scatec on Monday for a 50:50 joint venture to invest in its projects in Oman, according to energy economy news on March 8.
    , to design, develop, construct and operate a large-scale green ammonia facility
    .

    According to an official press release, the first phase of the facility is expected to produce 100,000 tons of green ammonia per year and will be expanded to 1.
    2 million tons per year, with an electrolyser capacity of approximately 3.
    5 GW, which will be powered by a 5.
    5 GW solar photovoltaic plant
    .

    Manoj K Upadhyay, founder and chairman of ACME Group, said: "Given the strategic location of the project.
    .
    .
    I am confident that together we will be strong players in accelerating the global adoption of this green fuel
    .


    "

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

    "The partners are in advanced discussions with reputable off-takers on a 20- to 25-year contract that will set the stage for project financing," he said.
    "The partners are looking to
    fund the facility through equity and project financing debt
    .


    "

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