Japanese conglomerate takes 30% stake in large-scale Indian green ammonia project: reports

IHI recently signed a term sheet to offtake 400,000 tonnes of renewable hydrogen-based NH3 per year from ACME’s giant project in Odisha

The gate to the Tata Steel Special Economic Zone in Odisha, where ACME's project will be sited
The gate to the Tata Steel Special Economic Zone in Odisha, where ACME's project will be sitedPhoto: Tata Steel Special Economic Zone
Published 11 September 2025, 11:59Updated 11 September 2025, 12:00
IndiaACMEJapanAmmoniaFinance