ACME Group and Japan’s heavy-industry manufacturer, IHI Corporation, have signed a memorandum of understanding (MoU) to explore business opportunities in green hydrogen.
The intent of MoU is to jointly study and evaluate potential projects with respect to collaboration opportunities across the green hydrogen and ammonia value chain, including production, handling, transportation, distribution, and power generation. The MoU allows IHI to participate as an investor or take offtake in one or more projects of ACME in Oman, India, USA or Egypt. Both the companies will also explore opportunities to jointly offer a complete integrated solution to customers, from green ammonia supply, bunkering and products or solutions for various applications.