The Port of Victoria and ACME Greentech Ventures have signed an option agreement for ACME to lease 245 acres at the Port’s newly developed Texas Logistics Centre. ACME aims to develop an integrated renewable hydrogen & ammonia facility producing up to 1.2 million tonnes per year on this site.
Having sealed a similar agreement with First Ammonia earlier this year, the Port of Victoria on Texas’ Gulf Coast is now seeing increased interest in its land for renewable energy projects. This agreement means that the new Texas Logistic Centre now has 510 of its 2000 acres of land under option. Goods can be moved by barge, truck, rail, and air from the Centre, with immediate dock access available. The Centre is also proximally located to major Texas markets in an area with favourable policies for renewable ammonia development projects.
One of India’s largest solar IPPs, ACME has a renewable energy portfolio of about 9.1 GW. Its 5 tonnes per day renewable ammonia plant built in 2021 in Rajasthan was the “world’s first” fully integrated renewable ammonia plant. ACME will now conduct due diligence and feasibility studies.
As the world’s energy consumption continues to increase, we are committed to providing clean and sustainable energy to help secure that future demand. Both the Port’s geographical position as well as the transport and logistic options to access the markets make for an ideal location for our plant. Additionally, Victoria’s business-friendly community has been wonderful to work with and we look forward to further collaborating to potentially develop both jobs and green energy in the region.Manoj Upadhyay, ACME Chairman, in the Port’s official press release, 4 August 2023
We have recently made great infrastructure investments at the Port to keep us competitive and ensure our commitment to bringing new jobs and industry to our community. We are excited for the possibility to partner with ACME to bring its dedication to green energy and emerging technology to Victoria. We would also like to thank our local leadership, especially the Victoria Economic Development Corporation, for proactively bringing strategic business partnerships to our Port.Sean Stibich, Port of Victoria executive director, in the Port’s official press release, 4 August 2023