ACME Group has received $140 million as the first portion of the $540 million funding allocated for its green hydrogen and green ammonia project in Duqm, Oman. The total project investment amounts to $750 million, with ACME securing 75% of the required funding, indicating confidence in investing in the Special Economic Zone at Duqm. Dr. Saeed bin Khalifa Al Quraini highlighted the international trust in projects at Duqm and the significance of ACME's project in advancing the green hydrogen sector in Oman. The project aligns with Oman's vision for sustainable energy solutions and reducing carbon emissions, with plans to produce clean, renewable energy. The secured funding and off-take agreement provide a strong financial base for the project's execution. Contracts have been signed, and work is in progress to meet project timelines and begin green hydrogen pilot production. Gursharan Jassal, the Country Manager for ACME in Oman, emphasized the milestone achieved by securing funding and off-take agreement, marking progress towards the global green hydrogen vision. The project aims to reach a production capacity of 100,000 tonnes of green ammonia annually in its first phase, with future plans for expansion. ACME's partnership with Yara, a Norwegian fertiliser company, to supply green ammonia further strengthens the project's prospects. ACME's certification for green hydrogen and ammonia production from renewable sources adds credibility to the project's environmental goals. The project targets the start of green hydrogen production by Q1 2027, ushering in a new era of sustainable energy in Oman.