Get All Access for $5/mo

IFFCO, ACME Partner To Boost Sustainability In Agriculture Sector In India The initiative will lead to significant decarbonisation of the economy, reduced dependence on fossil fuel imports, and enable India to assume technology and market leadership in green hydrogen.

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Photo Curtesy: Freepik

In a significant step towards sustainable agriculture and renewable usage in India, Indian Farmers Fertiliser Cooperative Limited (IFFCO), the world's biggest fertilizer cooperative and leader in the fertilizer manufacturing industry, signed a MoU with ACME Cleantech Solutions Private Limited (ACME), a pioneer in renewable energy for the purchase and supply of about 200,000 MT Ammonia made through the renewable energy route.

This initiative is in line with PM's vision of the National Green Hydrogen Mission.

This will make India the global hub for the production, usage and export of green hydrogen and its derivatives. This collaboration will also contribute to India's aim to become Aatmanirbhar through clean energy and serve as an inspiration for the global clean energy transition.

The initiative will lead to significant decarbonisation of the economy, reduced dependence on fossil fuel imports, and enable India to assume technology and market leadership in green hydrogen. Ammonia will be produced at ACME's plant in Gopalpur, Odisha, through a renewable energy route.

ACME shall retain green credit and trade in the form of internationally transferred mitigation outcomes (ITMO) with other countries under Article 6 of the Paris Agreement.

The commercial grade ammonia supplied under this agreement will be used in IFFCO's Paradeep Unit in Odisha and Kandla Unit in Gujarat, required for the manufacturing of complex fertilisers.

This partnership not only showcases the commitment of both organisations to environmental stewardship but also sets a benchmark for the industry in the transition towards cleaner and more sustainable energy sources.

Hiren Mehta, Chief Commercial Officer at ACME said "This partnership with IFFCO represents a significant leap forward in our mission to promote sustainable energy solutions."

Birinder Singh, Director (CRS), IFFCO stated, "Collaborating with ACME allows us to further our commitment to sustainability and to support our nation's farmers with environmentally friendly fertilisers. This is a step forward in our ongoing efforts to innovate in the field of fertiliser production and supply."

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

News and Trends

Broadcom Stock Soars on AI Growth Outlook

Broadcom's next-generation AI chips, built with advanced 3-nanometer technology, are set to debut in the spring

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.