Site items in: India

Macquarie, ACME help finance renewable ammonia projects
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A $325 million investment from Macquarie Asset Management will support Atlas Agro’s new Pacific Green Fertilizer Plant in Washington state, USA. FID on the plant is due early next year, which will produce 700,000 tonnes of zero-carbon nitrate fertiliser each year.

In India, ACME Group has secured two loans from REC Limited: $500 million to fully finance the first phase of the ACME’s Duqm renewable ammonia project, and $2.5 billion to support the first phases of ACME’s “round the clock” renewable power projects in Odisha and Tail Nadu.

India’s Oil & Natural Gas Corporation moves towards ammonia production
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India’s state-owned oil and gas company ONGC will invest $13 billion to deploy 10 GW of renewable energy generation by 2030. At least 5 GW of this will be in Rajasthan, where ONGC and Greenko have an agreement to develop a million-tonne-per-year ammonia production facility. ONGC is considering a similar-sized ammonia facility in Karnataka, potentially powered with offshore wind.

Indian government releases Green Port Guidelines
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New guidelines for Indian ports mandate the use of renewable energy in port operations, as well as the development of storage, handling and bunkering capabilities for future maritime fuels. All of India’s thirteen major ports must have ammonia bunkering & refueling facilities established by 2035, as well as making efforts to retrofit port crafts to run on future fuels.

India: a future ammonia energy giant
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Although a globally significant ammonia producer, India still relies on ammonia & fertilizer imports to support its agricultural sector. In our recent episode of Ammonia Project Features, we explored the potential of domestically-produced renewable ammonia to both replace these imports and position India as an ammonia energy giant. Excellent solar PV resources, plentiful government support and access to “round-the-clock” renewables were all highlighted as key drivers for India to meet its renewable ammonia potential.