24 Jan 2024 : PIB Summary for UPSC
PIB Summary for UPSC
24-January -2024
1.Indian Renewable Energy company – ACME and Japanese heavy industry major IHI and sign one of the largest pact to supply Green Ammonia from India to Japan.
| Topic: GS2 – International relations – Bilateral Relations. The India-Japan green energy partnership, led by Minister R. K. Singh, showcases India’s global leadership in sustainable hydrogen and ammonia production, crucial for UPSC aspirants. |
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Additional information on this news:
- India, aims to become a major global manufacturer of green hydrogen and green ammonia.
- The India-Japan Clean Energy Partnership, initiated by Prime Ministers Narendra Modi and Fumio Kishida, fosters collaboration between the two nations in the renewable energy sector.
- ACME Group and IHI Corporation signed a significant agreement for the supply of 0.4 MMTPA of green ammonia from Odisha, India, to Japan.
- The comprehensive term sheet covers the entire value chain, from production to logistics and supply, with a focus on reducing emissions in power generation and various industrial applications in Japan.
- This agreement is recognized as one of the first and largest in the world in the field of green hydrogen and green ammonia.
- Minister R. K. Singh emphasized the strategic importance of the partnership with Japan, highlighting India’s competitiveness in meeting the substantial green hydrogen and green ammonia requirements of developed countries like Japan.
- The partnership signifies a pivotal shift towards replacing fossil fuels with renewable alternatives, contributing to a global reduction in greenhouse gas emissions.
- Ambassador Hiroshi Suzuki expressed Japan’s unwavering support and urged the early signing of a Green Hydrogen and Green Ammonia Joint Declaration of Intent (JDI) between the two governments.
- The green hydrogen and ammonia project in Gopalpur, Odisha, by ACME, aims to have a phased capacity of 1.2 MMTPA, with the first production anticipated by 2027, contributing to a 54 million-ton CO2 equivalent reduction over its life cycle.
| More about Green Ammonia |
Green Ammonia Uses:
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| PYQ: ‘The time has come for India and Japan to build a strong contemporary relationship, one involving global and strategic partnership that will have a great significance for Asia and the world as a whole.’ Comment. (250 words/15m) (UPSC CSE (M) GS-2 2019) |
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