Acme to study potential investment to develop green hydrogen facility at Port Victoria

In Texas, Marine Log reported that the Victoria County Navigation District and Acme Greentech Ventures Americas Inc., a wholly owned subsidiary of India’s Acme Group have entered into an option agreement that will see Acme conduct due diligence and feasibility studies to develop an integrated green hydrogen and ammonia facility of up to 1.2 MMTPA at Port Victoria, in Texas.

Acme chairman Manoj Upadhyay, said: “Both the port’s geographical position as well as the transport and logistics options to access the markets make for an ideal location for our plant. Additionally, Victoria’s business-friendly community has been wonderful to work with and we look forward to further collaborating to potentially develop both jobs and green energy in the region.”

Sean Stibich, executive director at the Port of Victoria, said: “We are excited for the possibility to partner with Acme to bring its dedication to green energy and emerging technology to Victoria.

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