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India's ACME secures $488m funding in Oman

July 24, 2023

Indian renewable energy company ACME Group has raised $488m from infrastructure investor REC for a green hydrogen and ammonia project in Oman.

ACME said it would use the money to establish the first phase of a project in Duqm, Oman, that could initially produce 100,000 tonnes of green ammonia annually.

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