- Scatec and Acme will build an ammonia power plant in Oman
- The facility will have a 300MW electrolyser powered by 500MW of solar.
Norwegian renewable power producer Scatec has agreed with India’s Acme Group to jointly build and operate a large-scale green hydrogen and ammonia production facility in Oman. The facility will have a 300MW electrolyser powered by 500MW of solar.
The two companies have agreed to set up an equal joint venture to design, develop, build and operate a facility in the Duqm Special Economic Zone. The plant will be able to produce 100,000 tonnes of green ammonia annually in its first phase and reach an annual production of 1.2 million tonnes once fully developed. Manoj Upadhyay, founder and chairman of Acme Group, also hinted at potentially further expanding the site.
The two partners are still preparing the overall schedule for the project and are holding advanced discussions with “reputable off-takers” for contracts with a term of 20-25 years. They intend to fund the scheme with equity and project finance debt.