IHI and ACME Group sign term sheet for green ammonia supply

In Japan, IHI and ACME Group, a leading renewable energy company in India, signed a term sheet for the supply of green ammonia from Odisha, India to Japan. Both companies intend to develop the term sheet into a legally binding document within this year.

Under this term sheet, IHI considers off-taking up to 400,000 tons of green ammonia from 2028, which will be supplied to various industrial customers located mainly in Japan. Both companies are in discussion to partner across the value chain, starting from production to logistics, supply to customers and creation of the green ammonia market for use in a range of applications in power generation and industrial uses in Japan to reduce overall emissions across the value chain. This strategic alignment represents the dedication of both companies to build upon the existing strong relationship between the two countries and contribute to both Japan’s Net Zero commitment as well as India’s National Green Hydrogen mission, with a shared vision of sustainability and innovation.