Indian Farmers Fertiliser Cooperative Limited (IFFCO), the world’s biggest fertiliser cooperative and leader in the fertilizer manufacturing industry, has signed an 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 renewable energy route.
This not only marks a significant step towards sustainable agriculture and renewable energy usage in India but is an initiative is in line with Prime Minister Narendra Modi's vision of the National Green Hydrogen Mission. This will make India the Global Hub for 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, says a company pressnote.
Ammonia will be produced at ACME’s plant in Gopalpur, Odisha, through a renewable energy route. ACME shall retain a green credit and trade in the form of ITMO (Internationally Transferred Mitigation Outcomes) 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 fertilizers. This partnership not only showcases the commitment of both organizations 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, remarked, "This partnership with IFFCO represents a significant leap forward in our mission to promote sustainable energy solutions. The MoU shall pave the way to sign bilateral agreements between India and other countries under article 6 of the Paris Agreement”.
Birinder Singh, Director (CRS) at IFFCO, stated, "Collaborating with ACME allows us to further our commitment to sustainability and to support our nation's farmers with environmentally friendly fertilizers. This is a step forward in our ongoing efforts to innovate in the field of fertilizer production and supply.
ACME Cleantech Solutions Private Limited is a leading renewable energy company in India, specializing in developing renewable energy projects, including green hydrogen and green ammonia plants, in India and abroad, while IFFCO is a multi-state cooperative society engaged in the business of manufacturing and marketing of fertilizers.
IFFCO is the World’s Number 1 Cooperative among top 300 cooperatives in the world by ICA’s World Cooperative Monitor. It has developed the World’s First Nano Fertiliser, IFFCO Nano Urea Liquid and IFFCO Nano DAP Liquid with an aim to reduce the use of chemical fertilisers and enhance crop productivity, a giant step towards Sustainable Agriculture.
IFFCO’s Nano Urea was developed keeping in mind PM’s initiative of ‘Atmanirbhar Bharat’ and ‘Atmanirbhar Krishi’ which will lead to an increase in farmers' income and is a step towards Sustainable Agriculture.
IFFCO is committed to the development of Indian farming communities through the provision of high-quality agricultural products.