ACME Cleantech and BASF Forge Partnership for Green Ammonia Supply to European Markets
Key Ideas
- ACME Cleantech and BASF sign Heads of Agreement and Memorandum of Understanding to supply green ammonia in Europe.
- ACME is actively expanding green hydrogen and ammonia projects in India and Oman.
- The partnership aims to promote sustainability and accelerate the global transition to renewable energy.
- The collaboration underscores the significance of cross-border partnerships in addressing climate change.
ACME Cleantech, a major renewable energy producer in India, has partnered with German chemical company BASF to supply green ammonia to European markets. The companies signed a Heads of Agreement and a Memorandum of Understanding to facilitate this supply and explore broader collaborations in the green ammonia sector. ACME Cleantech is actively involved in expanding its green hydrogen and ammonia projects, with developments in Tuticorin and Gopalpur in India and progress in Duqm, Oman. The partnership reflects ACME's commitment to innovation and sustainability in the value chain, focusing on production and market development. By working together, ACME and BASF aim to bolster regional and international efforts to decarbonize industries and promote the adoption of green hydrogen and ammonia. This cross-border collaboration is seen as a critical step in accelerating the global transition to renewable energy and low-carbon technologies, emphasizing the importance of such partnerships in addressing climate change. ACME Cleantech's leadership in sustainable energy solutions further solidifies its role as a key player in the global push towards sustainability.