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Industry sees boost from low green ammonia prices
Economic Times
·
1d ago
Medial
Initial tenders have revealed low prices for green ammonia, boosting its potential in the fertilizer industry, according to experts. NTPC Renewable Energy, ACME Cleantech, and Oriana Power won bids to supply substantial annual quantities at competitive rates. This aligns with global benchmarks and indicates a significant price convergence with grey ammonia, driven by reduced costs in renewable power and electrolysers. The auctions under SECI's SIGHT scheme reflect optimism for the Indian green hydrogen sector.
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Greenko ZeroC to supply renewable ammonia to Norway’s Yara
Livemint
·
1y ago
Medial
Hyderabad-based Greenko ZeroC will supply renewable ammonia to Yara Clean Ammonia, the world's largest trader and distributor of ammonia, for an undisclosed amount. Yara will use the green ammonia from Greenko to produce low-emission fertilizers and reduce carbon emissions in shipping and power industries. The agreement covers the long-term supply of up to 50% of renewable ammonia from Greenko's Kakinada facility. Greenko is developing a mega green ammonia facility with plans to produce and export renewable ammonia by 2027. Yara Clean Ammonia operates the largest global ammonia network.
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BASF ties up with AM Green for low-carbon chemicals, offtake of green ammonia | Company Business News
Livemint
·
9m ago
Medial
Chemical major BASF has entered into an agreement with AM Green to explore opportunities in the low-carbon chemicals sector. BASF may purchase 100,000 tonnes of green ammonia annually from AM Green as part of the partnership. Both companies will conduct feasibility studies on low-carbon chemicals production in India and evaluate potential technologies. AM Green's ammonia plants are pre-certified for the European Union's renewable fuels standards, and the ammonia supplied to BASF would meet EU norms. BASF's 2023 sales were €68.9bn ($80.6bn).
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AM Green ties up with RWE, to start supplying green ammonia by 2027 | Mint
Livemint
·
10m ago
Medial
AM Green Ammonia has partnered with RWE Supply & Trading to supply green ammonia from its India plants starting in 2027. The company plans to produce 250,000 tonnes of green ammonia per year, with initial production of 50,000 tonnes at its Kakinada facility. The partnership aims to meet the growing demand for green ammonia and green hydrogen. AM Green, a subsidiary of the AM Green Group, is developing production capabilities for various green molecules to support decarbonization efforts.
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Sembcorp signs deal for green ammonia offtake from India
Livemint
·
1y ago
Medial
Sembcorp Green Hydrogen, a subsidiary of Sembcorp Industries, has partnered with Japanese firms Sojitz Corp. and Kyushu Electric Power to finalize a green ammonia offtake agreement in India. The collaboration aims to develop a low-carbon supply chain and accelerate the region's transition to a clean economy. Sembcorp will utilize renewable energy to produce 200,000 metric tons per year of green ammonia as the lead developer and operator of the project. Land has already been secured in India for the development of the facilities.
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India's ONGC to invest $24.2 bln to meet net-zero emissions goal
Reuters
·
1y ago
Medial
India's leading oil explorer, Oil and Natural Gas Corp (ONGC), intends to invest $24.17 billion in clean energy projects to achieve its net-zero carbon emissions goal by 2038. ONGC aims to invest $12.08 billion by 2030 to acquire 10 gigawatts of renewable energy capacity. It is constructing a 5 gigawatts solar energy project in Rajasthan and plans to establish offshore wind energy plants. The company is also exploring collaborations in the low-carbon energy sector, including renewables, green hydrogen, green ammonia, and derivatives of green hydrogen. ONGC is searching for a partner for a 1 million tonnes per year green ammonia project.
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Gentari to supply green power to AM Green Ammonia | Company Business News
Livemint
·
8m ago
Medial
Renewable energy company Gentari will provide 650 MW of round-the-clock green power to AM Green Ammonia India. The power purchase agreement will enable Gentari to deliver carbon-free energy to AM Green Ammonia's upcoming green ammonia facilities. The project will include 2,400 MWp of renewable energy capacity from solar and wind projects, as well as 350 MW/2,100 MWh of energy storage. Gentari aims to expand India's renewable energy capacity and contribute to the green electron-to-molecule chain. The agreement aligns with the Renewable Fuels of Non-Biological Origin framework and supports AM Green Ammonia's goal of becoming one of the world's largest green ammonia platforms.
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Sembcorp signs green ammonia export pact with Japan’s Kyushu Electric | Mint
Livemint
·
11m ago
Medial
Singapore-based renewable energy company Sembcorp Industries has reached an agreement with Kyushu Electric Power to export green ammonia from its Indian facility to Japan. The ammonia will be used by Kyushu Electric to reduce coal consumption in its thermal power plants. This partnership marks the first collaboration between the two countries in the green energy sector and highlights India's growing prominence in the global renewable energy landscape. Sembcorp will produce green ammonia in Tamil Nadu using renewable energy sources, while Sojitz Corp will facilitate the ammonia's distribution, and NYK Line will oversee the transportation from India to Japan.
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AM Green Ammonia reaches final investment decision on its 1 mn tonne project | Mint
Livemint
·
11m ago
Medial
AM Green Ammonia, a venture by Greenko Group, has reached the final investment decision (FID) for its 1 million-tonne green ammonia project in Kakinada, Andhra Pradesh. This marks a significant milestone in the company's goal to decarbonize industries worldwide and establish itself as a global leader in green energy solutions. The project aims to achieve a production capacity of 5 million tonnes per annum of green ammonia by 2030. AM Green has secured offtake agreements with major players such as Uniper and Yara, and has locked in the necessary carbon-free power through a combination of solar, wind, and pumped storage projects.
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GIC-backed AM Green taps another sovereign fund to seal buyout
VCCircle
·
1y ago
Medial
AM Green Ammonia Holdings, backed by Malaysia's Gentari and Singapore's sovereign wealth fund GIC, is adding another investor to finalize a takeover deal with an Indian company. AM Green, founded by Greenko Group's Mahesh Kolli and Anil Kumar Chalamalasetty, aims to enter the green energy sector.
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BPCL, Sembcorp ink JV to develop green hydrogen, renewables in India
VCCircle
·
4m ago
Medial
Bharat Petroleum Corp (BPCL) and Singapore's Sembcorp have formed a joint venture to develop green hydrogen and renewable energy projects in India. The initiative aims to support India's goal of generating 500 GW of clean energy by 2030, as the country transitions from fossil fuels. BPCL, aligning with Sembcorp's expertise, will focus on green hydrogen, ammonia production, emissions reduction, and other green technologies, enhancing India's renewable energy landscape.
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