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ACME Group and the Government of Karnataka have signed a Memorandum of Understanding (MOU) to invest about INR520 billion (US$6.68 billion) to set up a Green Hydrogen & Green Ammonia project in India.
The project involves the development of a 1.2 mtpa Green Hydrogen and Ammonia plant with a captive solar power unit located in Karnataka, which is expected to generate over 2,000 employment opportunities following the completion of the plant.
The project is planned to start operation in 2027.
