VOC Port Allots Land to ACME for Setting Up Green Hydrogen Plant

V O Chidambaranar Port Authority, the state-owned entity that runs the port at Thoothukudi in Tamil Nadu, has issued a letter of intent to ACME Cleantech Solutions Pvt Ltd to lease 222.79 acres of port land for setting up a green hydrogen and green ammonia project with an investment of Rs 52,474 billion.

V O Chidambaranar Port has become the first port in India to allocate land for production and export of green hydrogen. The land will be leased on annual rentals set by the port authority for 30 years, government sources said.

V O C Port Authority has also leased 10 acres of land to ReNew Power Ltd for storage and export of green hydrogen and ammonia.

The ACME plant will produce 3,000 tonnes per day of hydrogen. ACME and ReNew Power were among 25 entities that responded to an expression of interest issued by V O C Port Authority to set up green hydrogen and green ammonia projects on port land.