ACME–IHI JV receives Japan’s CfD subsidy for Green Ammonia project
The ACME-IHI joint venture has secured a $3 billion subsidy from the Japanese government for a green ammonia project in Odisha. This project aims to supply clean fuel to Japan, supporting both India's green hydrogen mission and Japan's decarbonization goals.
Why it matters
This represents a significant international investment in green energy infrastructure, bridging the cost gap for sustainable fuel production.
ACME Group and IHI Corporation’s green ammonia joint venture 405,000 tonnes per annum (TPA) project being established in Gopalpur, Odisha has been certified under Japan’s price gap support program by the Ministry of Economy, Trade and Industry (METI) and the Ministry of Land, Infrastructure, Transport and Tourism pursuant to the Hydrogen Society Promotion Act.
The article provides factual reporting on a business deal and government subsidies.
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