PORT WELCOMES POTENTIAL PARTNERSHIP WITH ACME GREENTECH VENTURES AMERICAS INC TO EXPAND GREEN ENERGY AT THE PORT
4 Aug 2023
The Victoria County Navigation District “Port of Victoria” and ACME Greentech Ventures Americas Inc., a wholly owned subsidiary of Acme Group headquartered in India “ACME” have entered into an option agreement to lease a 245-acre site at The Port of Victoria. ACME will conduct its due diligence and feasibility studies to develop an integrated green hydrogen and ammonia facility of up to 1.2 MMTPA resulting in significant potential investments and jobs.
ACME is one of the largest solar IPP in India, with a portfolio of c. 9.1 GWp renewable power and a pioneer in green hydrogen technology having successfully built the world’s first fully integrated green ammonia plant in 2021 which is currently producing c. 5TPD of Green Ammonia. ACME seeks to develop this potential project at the Port using renewable power to produce green hydrogen and ammonia with zero emissions.
Excited about the possibility this partnership offers, Mr. Manoj Upadhyay, Chairman, said, "As the world’s energy consumption continues to increase, we are committed to providing clean and sustainable energy to help secure that future demand. Both the Port’s geographical position as well as the transport and logistic 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."
The Port of Victoria is thrilled to see another green energy industry leader take interest in the newly developed Texas Logistics Center. Sean Stibich, executive director at the Port, stated, "We have recently made great infrastructure investments at the Port to keep us competitive and ensure our commitment to bringing new jobs and industry to our community. We are excited for the possibility to partner with ACME to bring its dedication to green energy and emerging technology to Victoria. We would also like to thank our local leadership, especially the Victoria Economic Development Corporation, for proactively bringing strategic business partnerships to our Port.”
Victoria County Navigation District is excited to see businesses taking advantage of its infrastructure and newly expanded acreage. The proposed project by ACME also has the possibility of bringing in a much-needed 345 kV power line, as well as a support industry with a large private investment. The Port now has over 510 acres under option at the Texas Logistics Center.
For more information on ACME (www.acme-ghc.com) or about the exciting developments on at the Port's Texas Logistics Center, please contact the Port today or visit www.texaslogisticscenter.com, www.tx-lc.com, or www.PortofVictoria.com.