Team Blitz India
Indian renewable energy company ACME Group and Japanese integrated heavy industry group IHI Corporation signed, in New Delhi on January 23, an offtake term sheet for supply of green ammonia from Odisha to Japan.
The term sheet was signed by Founder and Chairman of ACME Group, Manoj Upadhyay and President and CEO of IHI Corporation, Hiroshi Ide, in the presence of Union Minister for Power and New & Renewable Energy, RK Singh; Secretary, New & Renewable Energy, Bhupinder Singh Bhalla, and the Ambassador of Japan to India, Hiroshi Suzuki.
The term sheet covers the supply of 0.4 mmtpa (million metric tonne per annum) of green ammonia from phase-1 of Odisha project in Gopalpur on a long-term basis. Both companies wish to partner across the value chain, starting from production to logistics, supply to the Japanese customers and to create the market for green ammonia for use in a range of applications in power generation and various industrial uses in Japan to reduce the overall emissions.
Speaking about the agreement, Minister Singh said that this was one of the first and largest agreements in the world in the field of green hydrogen and green ammonia. “Japan has been a close friend and partner of India. This collaboration in renewable energy in going green will further strengthen our partnership. India’s cost of making green hydrogen and green ammonia is already among the most competitive in the world. We are going to emerge as one of the largest manufacturers of green hydrogen and green ammonia in the world.”
The Minister underlined the strategic importance of the partnership between India and Japan. “Our partnership with Japan is strategic; it will grow stronger. Japan and other developed countries have huge requirements for green hydrogen and green ammonia, which India shall be able to supply at most competitive rates.”
Speaking about the strategic partnership, Ambassador Hiroshi Suzuki said that the signing of the term sheet marked a major milestone. “India-Japan Clean Energy Partnership, established by Prime Minister Narendra Modi and Prime Minister Fumio Kishida, has been driving the cooperation between the two countries. I express the Government of Japan’s unwavering support in taking forward the collaboration between India and Japan in the energy sector”, he added.
The Ambassador also requested the Union Power & NRE mimister for early signing of Green Hydrogen and Green Ammonia Joint Declaration of Intent (JDI) involving the Ministry of Economy, Trade and Industry, Government of Japan and Ministry of New & Renewable Energy (MNRE) Government of India.