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Gail, AM Green forge 350 KTPA e-methanol deal to drive clean energy growth | Mint

Livemint

Livemint · 10m ago

Gail, AM Green forge 350 KTPA e-methanol deal to drive clean energy growth | Mint

- 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.

Related News

NTPC in talks with Maersk to sell green methanol for fuelling its ships | Company Business News

Livemint

Livemint · 8m ago

NTPC in talks with Maersk to sell green methanol for fuelling its ships | Company Business News

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.

GIC-backed AM Green ties up with DP World for green fuel export projects

VCCircle

VCCircle · 7m ago

GIC-backed AM Green ties up with DP World for green fuel export projects

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.

Gentari to supply green power to AM Green Ammonia | Company Business News

Livemint

Livemint · 8m ago

Gentari to supply green power to AM Green Ammonia | Company Business News

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.

Stocks on Radar: Jio Financial, GAIL-AM Green, Lupin FDA, Paytm AI, Gravita India in focus | Oct 07

Money Control

Money Control · 10m ago

Stocks on Radar: Jio Financial, GAIL-AM Green, Lupin FDA, Paytm AI, Gravita India in focus | Oct 07

- SEBI approves Jio Financial and BlackRock to set up a mutual fund - GAIL partners with AM Green for renewable energy projects - Lupin receives USFDA inspection findings - Paytm's CTO takes on new AI innovation role - Gravita India plans to raise funds

NGEL inks land lease agreement with AP for green hydrogen hub

Thehindubusinessline

Thehindubusinessline · 1y ago

NGEL inks land lease agreement with AP for green hydrogen hub

India's state-run NTPC's green energy arm, NGEL, has signed a land lease agreement with Andhra Pradesh to establish a green hydrogen hub. The hub, to be developed on 1,200 acres of land near Pudimadaka village in Visakhapatnam, aims to create a world-class ecosystem for green energy technologies, including hydrogen production and related industries. The project includes the construction of India's largest green hydrogen production facility, with a capacity of 1,200 tonnes per day, for the production of green ammonia and green methanol. NTPC aims to have 60 GW of renewable energy capacity by 2032.

AM Green Ammonia reaches final investment decision on its 1 mn tonne project | Mint

Livemint

Livemint · 11m ago

AM Green Ammonia reaches final investment decision on its 1 mn tonne project | Mint

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.

AM Green ties up with RWE, to start supplying green ammonia by 2027 | Mint

Livemint

Livemint · 11m ago

AM Green ties up with RWE, to start supplying green ammonia by 2027 | Mint

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.

GIC-backed AM Green taps another sovereign fund to seal buyout

VCCircle

VCCircle · 1y ago

GIC-backed AM Green taps another sovereign fund to seal buyout

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.

GAIL signs MoU with Karnataka Government to develop 1 GW RE

YourStory

YourStory · 3m ago

GAIL signs MoU with Karnataka Government to develop 1 GW RE

GAIL (India) Limited signed an MoU with the Karnataka Government to develop 1 GW of renewable energy capacity, investing Rs 5,000 crore. Aiming for 100% reduction in Scope 1 and Scope 2 emissions by 2035, GAIL requires 3,500 MW for captive use, with its current portfolio at 135 MW. The partnership will explore various renewable projects, boosting Karnataka's position as a green energy hub and enhancing employment and infrastructure development.

Exclusive: Greenko founders buy Orix Corp.'s 20% in Greenko Energy for $1.4 bn

Livemint

Livemint · 1m ago

Exclusive: Greenko founders buy Orix Corp.'s 20% in Greenko Energy for $1.4 bn

AM Green B.V., owned by Greenko Group founders Anil Chalamalasetty and Mahesh Kolli, has bought Orix Corp.'s 20% stake in Greenko Energy Holdings for $1.4 billion. This deal values Greenko at $7.5 billion, with founders retaining a 90% stake in AM Green B.V. It involves significant cash and stock components, marking one of India's largest green energy sector transactions. The announcement is set for Monday.

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