Six Japanese companies, including IHI Corporation, Hokkaido Electric Power Co, and Mitsubishi Gas Chemical Company, have signed a non-binding Memorandum of Understanding to explore investment in a green ammonia production project in Odisha, India. The project, led by ACME Group, targets an annual green ammonia output of 400,000 tonnes by 2030 to be exported to Japan for industrial use. Japan's growing demand for ammonia as a low-carbon fuel aligns with its shift towards cleaner energy sources. The collaboration aims to create a long-distance supply chain for green ammonia production, shipping, storage, and consumption. Key focuses include technology development for green ammonia combustion, exploration of ammonia use in power plants, and decarbonisation of core raw materials. The companies involved will conduct feasibility studies and due diligence before finalizing their investment in the project, which is seen as a strategic move towards industrial decarbonization and fostering clean energy partnerships between Japan and India.