Acme & IGX Join Forces: Green Hydrogen Powerhouse in the Making

Acme Group and the Indian Gas Exchange (IGX) have inked a memorandum of understanding (MoU) during the India Energy Week in Goa, aimed at fortifying India's green hydrogen and ammonia sector.

The signing ceremony, graced by prominent officials from both ACME Group and IGX, signals a strategic alliance to foster collaboration across the entire value chain of hydrogen and ammonia, spanning from production to distribution. The primary objective of this collaboration is to cultivate a robust market for green molecules, with a particular focus on establishing a physically traded market.

Through this partnership with IGX, Acme Group endeavors to propel the development of the green hydrogen market and its by-products within India, while simultaneously establishing a transparent and dynamic marketplace for consumers. Together, these entities will devise innovative strategies to expedite the adoption of green energy, thereby stimulating economic growth and bolstering energy security to pave the way for a sustainable future. Leveraging insights and expertise gained from similar ventures in the natural gas sector, they aim to establish a readily tradeable market in the short term.

Moreover, this strategic collaboration is poised to contribute significantly to India's decarbonization efforts, thereby reducing the nation's overall carbon footprint.