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IGX, Acme tie up for green hydrogen, ammonia mkt

Mint Mumbai

|

February 10, 2024

Renewable energy company Acme Group and Indian Gas Exchange (IGX) have signed a memorandum of understanding (MoU) to collaborate on developing the green hydrogen and ammonia market in India.

- Rituraj Baruah

IGX, Acme tie up for green hydrogen, ammonia mkt

Acme said the MoU was signed by Manoj Kumar Upadhyay, founder and chairman of Acme Group, and Rajesh Kumar Mediratta, managing director and CEO of IGX, at the India Energy Week in Goa.

"Acme Group is a pioneer in the green hydrogen and ammonia space. With the deep experience of IGX in creating a liquid tradeable market for natural gas, the two companies aim to develop a physical trading market for green molecules across the country, starting with regional hubs located near hydrogen and ammonia projects and leading eventually to a nationwide hub," it said.

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