ACME Green Hydrogen Will Invest Rs 52,474 Crore In Tamil Nadu

Highlights :

  • The facility will come up in the port town of Thoothukudi- ACME calls it one of the largest in the world.
  • ACME chose the location due to its closeness to the port and availability of large land parcel.
ACME Green Hydrogen Will Invest Rs 52,474 Crore In Tamil Nadu India & Australia Forge Partnership for Green Hydrogen Taskforce

ACME Green Hydrogen and Chemicals Pvt. Ltd. will be constructing a green ammonia and green hydrogen manufacturing plant in Tamil Nadu with an investment of Rs 52,474 crore. The facility is planned for the port town of Thoothukudi.

The Tamil Nadu government has signed 60 MoUs with many companies at the Tamil Nadu Investors’ First Port of Call – Investment Conclave, that would bring an investment of Rs 1.25 lakh crore and create as many as 75,000 employment opportunities in the state. The ACME pact is the largest one announced at the event.

Manoj Kumar Upadhyay, Group Founder, ACME, said that the upcoming green hydrogen and green ammonia plant will be one of the largest in the world. “The reason we chose the district is due to its closeness to the port. Also, the land parcel there is huge,” he said while adding that Tamil Nadu also offers solar radiation and skilled manpower required for the manufacturing facility.

“We have been holding talks with the ACME officials for the last five months. There have been multiple site visits. The land parcel requirement is around 30,000 acres and dry lands are likely to be leased to ensure that farmers who are in distress due to lack of rain will get compensation. To meet the water requirement, a desalination plant will also be set up along the coast,” said Pooja Kulkarni, Managing Director and CEO, Guidance, investment promotion agency of Tamil Nadu.

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