ACME Group has received $140 million as the first tranche of funding for its green hydrogen and green ammonia project in Duqm, Oman. The total investment for the project amounts to $540 million, with a robust financial foundation secured representing 75% of the total project cost. This funding showcases international confidence in investing in Sezad and reinforces Duqm's leadership in the green hydrogen industry. The project aligns with Oman's aspirations for sustainable energy solutions and carbon emissions reduction, in line with the national strategy for carbon neutrality by 2050. The project has entered the implementation phase, with contracts signed and work underway to ensure timely execution. The off-take agreement with Yara for 100,000 tonnes of green ammonia annually further strengthens the project's market commitment. ACME aims to produce the first batch of green hydrogen by Q1 2027, marking a significant milestone for the green hydrogen sector in Oman and the global energy market. With plans for expansion and a focus on renewable energy sources, ACME's project sets the stage for a new era of sustainable energy production in the region.