New Delhi: India’s ACME Group and Japan’s IHI Corporation have joined hands to develop the country’s largest green ammonia project at Gopalpur, Odisha, with an annual production capacity of 0.4 million tonnes. The facility, which has secured land and completed Front-End Engineering Design (FEED), is expected to be commissioned between 2029 and 2030, with exports aimed primarily at Japan’s power and chemical industries, reports The economic Times.
Under the joint venture agreement, IHI Corporation has acquired a 30% stake in ACME Clean Energy Private Limited, while ACME Group retains 70%. The project forms a core part of the India–Japan Clean Energy Partnership and is aligned with the Joint Declaration of Intent on Clean Hydrogen and Ammonia signed by Prime Ministers Narendra Modi and Shigeru Ishiba during the 15th Japan–India Annual Summit in Tokyo in August 2025.
The plant is projected to cut more than 0.8 million tonnes of CO₂ emissions annually, strengthening India’s role in the National Green Hydrogen Mission, which seeks to position the country as a global producer and exporter of green hydrogen and its derivatives. For Japan, the deal supports its long-term strategy to secure clean fuel supplies for its energy and industrial sectors.
“Amidst the growing need for decarbonization, India and Japan face similar concerns around energy security and sustainability,” said Manoj Kumar Upadhyay, Chairman of ACME Group. “This joint venture is a milestone not only for ACME but also for India’s journey towards becoming a global leader in green hydrogen and green ammonia. Odisha’s strategic location offers advantages for both energy development and exports.”
Hiroshi Ide, President and CEO of IHI Corporation, added: “We are proud to partner with ACME in this transformative project. Green ammonia is key to achieving a net-zero world and building reliable, sustainable energy value chains that benefit both India and Japan.”
The project ranks among the largest foreign collaborations in India’s green hydrogen and ammonia sector. Funding is expected from Japanese export credit agencies, international financial institutions, and equity contributions from both partners. Odisha’s eastern seaboard location, proximity to East Asian markets, and developed port infrastructure were decisive factors in selecting Gopalpur as the site.
