Tata Steel Special Economic Zone Limited (TSSEZL) and diversified renewable energy company ACME group on Friday signed a memorandum of understanding here to establish a green hydrogen and green ammonia project at the Gopalpur Industrial Park in Odisha, making it the first green hydrogen project of the state.

Under the definitive agreement, ACME Clean Energy Private Limited (ACME group) will acquire 343 acres in TSSEZL’s Gopalpur Industrial Park, located in Ganjam district of Odisha, to set up a green hydrogen and its derivatives unit.

The MoU was signed between Manikanta Naik, managing director of TSSEZL, and Sandeep Kashyap, chief operating officer of the ACME group, in the presence of principal secretary in the industries department Hemant Sharma.

Sharma said: “We envision Odisha as the hub of green hydrogen and green ammonia and a leader in the green fuel economy. We’re offering best-in-class incentives to attract investments.”

ACME group plans to set up a nearly 1.3 MTPA green ammonia production facility at the Gopalpur Industrial Park. This green ammonia will be produced from green hydrogen and the production facilities will be powered by renewable power.

The green ammonia produced at this facility will be exported to markets in the west and east from the existing Gopalpur port facility, which is near the project site. The utility corridor between Gopalpur Industrial Park and Gopalpur port provides a dedicated corridor for smooth logistics and pipeline connectivity.

Naik said: “We would also like to thank the government of Odisha for its industry-friendly policies and incentives that are attracting investments to the state. We already have some valued clients operational in the industrial park and attracted investment of around Rs 4,000 crore.”