IFFCO inks MoU with ACME to buy 200,000 metric tons commercial grade ammonia
IFFCO will use the ammonia supplied by ACME for manufacturing complex fertilisers at Paradeep unit in Odisha and Kandla unit in Gujarat.
Cooperative fertiliser major IFFCO announced that company has signed a memorandum of understanding (MoU) with renewable energy company ACME for supply of commercial grade ammonia. Under the terms of the agreement, ACME will supply approximately 200,000 metric tons of ammonia to IFFCO, manufactured through a renewable energy route. This collaboration is aligned with the National Green Hydrogen Mission, spearheaded by the Prime Minister, aiming to position India as a global hub for the production, utilization, and export of green hydrogen and its derivatives.
Ammonia will be produced at ACME’s plant in Gopalpur, Odisha using renewable energy and supply the same to Indian Farmers Fertiliser Cooperative Limited (IFFCO), company mentioned. Ammonia is an important base material for fertilisers.
The cooperative said that it will use the ammonia supplied by ACME for manufacturing complex fertilisers at Paradeep unit in Odisha and Kandla unit in Gujarat.
IFFCO also mentioned that ACME would retain a green credit and trade in the form of ITMO (Internationally Transferred Mitigation Outcomes) with other countries under Article 6 of the Paris Agreement. The initiative will lead to significant decarbonisation of the economy, reduce dependence on fossil fuel imports, and enable India to assume technology and market leadership in green hydrogen, it added.
Birinder Singh, Director IFFCO said, “This is a step forward in our ongoing efforts to innovate in the field of fertilizer production and supply.”
Hiren Mehta, Chief Commercial Officer at ACME, said, “This partnership with IFFCO represents a significant leap forward in our mission to promote sustainable energy solutions. The MoU will pave the way to sign bilateral agreements between India and other countries under Article 6 of the Paris Agreement”.
IFFCO will use the ammonia supplied by