ACME Group and Scatec ASA to establish ammonia facility in Oman

Renewable energy company ACME Group and Norway's Scatec ASA signed an agreement on Monday to establish a 50:50 joint venture to build a large green ammonia plant in Oman.

ACME has said that the first phase of the facility is expected to produce 100,000 tonnes of green ammonia annually and will be expanded to 1.2 million tonnes per annum with around 3.5 GW of electrolyser capacity, which will be powered by 5.5 GWp of the solar PV plant.

Raymond Carlsen, CEO of, Scatec has said,” Oman has excellent solar resources with a strategic location for the production of green ammonia. ACME Group has been at the forefront of green ammonia production with this project, and in Scatec we can capitalise on our expertise in renewables, project structuring and financing, execution and operation to accelerate the decarbonisation of the world.”

There is an increasing need to accelerate the decarburisation of industries are There is an increasing need to accelerate the decarburisation of difficult-to-reduce industries through Power-to-x solutions such as the production of renewable energy-powered hydrogen, ammonia and other critical raw materials. 

Industry analysts have forecast global annual demand for green ammonia can reach up to 200 million tonnes by 2050. The joint venture is in advance discussions with reputable off-takers for 2025-year contracts which will lay its foundation for the financing of the project. It is also expected to fund the facility through equity and project finance debt.

The schedule for the project is under development, but the partners share the ambition for this facility to be one of the first commercial large-scale green ammonia facilities in operation globally.