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BASF ties up with AM Green for low-carbon chemicals, offtake of green ammonia | Company Business News
Livemint
·
10m 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 Ammonia reaches final investment decision on its 1 mn tonne project | Mint
Livemint
·
1y 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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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 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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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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AM Green ties up with RWE, to start supplying green ammonia by 2027 | Mint
Livemint
·
11m 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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India's ONGC to invest $24.2 bln to meet net-zero emissions goal
Reuters
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2y 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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GIC-backed AM Green taps another sovereign fund to seal buyout
VCCircle
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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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GIC-backed AM Green ties up with DP World for green fuel export projects
VCCircle
·
7m ago
Medial
AM Green has joined forces with Dubai-based DP World to export 1 MTPA each of green ammonia and methanol, focusing on infrastructure development in the EU, Far East, and UAE. The partnership includes building port facilities in India and setting up refueling stations in Dubai and Southeast Asia. As India targets 500 GW of renewable energy by 2030, AM Green aims for 5 MTPA of green fuel production capacity, with a 1 MTPA plant in Andhra Pradesh already underway.
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NTPC in talks with Maersk to sell green methanol for fuelling its ships | Company Business News
Livemint
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8m ago
Medial
NTPC Green Energy, a subsidiary of India's largest power generation utility, is in talks with shipping company A.P. Møller – Mærsk to sell green methanol for its ships. The discussions come amid tightening marine fuel standards globally, including the European Union's Fuel Maritime Regulation. Green methanol is made by combining green hydrogen with captured carbon dioxide. Maersk has ordered dual-fuel vessels that can run on bio- or e-methanol or liquefied gas. NTPC Green Energy plans to produce a range of green molecules, including green methanol, green ammonia, and green urea, at its proposed hub in Andhra Pradesh.
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Gail, AM Green forge 350 KTPA e-methanol deal to drive clean energy growth | Mint
Livemint
·
10m ago
Medial
- Gail (India) Ltd and AM Green Group have joined forces to develop clean energy projects and supply 350 KTPA of carbon dioxide for e-methanol production. - The partnership aims to advance India's green energy transition and decarbonization efforts. - E-methanol, produced through the combination of green hydrogen and captured carbon dioxide, is a sustainable fuel that reduces carbon emissions in industries like shipping, steel, and cement. - The companies are also exploring solar and wind hybrid renewable projects of up to 2.5 GW across India, ensuring round-the-clock power supply. - Gail will supply the carbon dioxide from its gas processing plants, contributing to a circular economy and promoting sustainable energy solutions.
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