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IFFCO and ACME Sign MoU for Sustainable Agriculture and Renewable Energy in India

Published on April 08, 2024
Current Context: On 6th April 2024, in New Delhi, the Indian Farmers Fertilizer Cooperative Limited (IFFCO) and ACME Cleantech Solutions Private Limited signed a Memorandum of Understanding (MoU).
IFFCO and ACME Sign MoU for Sustainable Agriculture and Renewable Energy in India
  • This agreement is a significant step towards sustainable agriculture and renewable energy usage in India. Under this agreement, ACME will supply IFFCO with 200,000 metric tons of ammonia, produced using renewable energy.
  • This collaboration aligns with the Prime Minister’s ambitious National Green Hydrogen Mission, which aims to position India as a leading global hub for the production, use, and export of Green Hydrogen and its derivatives.
  • The green ammonia will be produced at ACME’s facility in Gopalpur, utilizing a renewable energy route.
  • The produced ammonia will be utilized at IFFCO’s manufacturing units in Paradeep, Odisha, and Kandla, Gujarat, for the production of complex fertilizers.
  • This partnership signifies a stride towards self-reliance in clean energy, in line with India’s ‘Aatmanirbhar Bharat’ vision. 
  • It also opens avenues for bilateral agreements under Article 6 of the Paris Agreement, leveraging Internationally Transferred Mitigation Outcomes (ITMOs) to further global clean energy transitions.

Question:

Q.1 What will ACME supply to IFFCO under the IFFCO & ACME MoU?
a. 200,000 metric tons of ammonia
b. 100,000 metric tons of ammonia
c. 300,000 metric tons of ammonia
d. None of the above
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