Greenko ZeroC to supply renewable ammonia to Norway’s Yara

Greenko ZeroC, the green ammonia production arm of the India-based AM Green, has signed a term sheet with Yara Clean Ammonia, the world’s largest ammonia trader, for supply of renewable ammonia.

AM Green, incorporated by the founders of Hyderabad-based Greenko Group, is developing one of world’s largest green ammonia platforms starting with 1 million ton of production capacity at Kakinada in two phases and ramping capacity to 5 million ton per annum of green ammonia by 2030 – equivalent of 1 million ton per annum of hydrogen.

This term sheet and the subsequent offtake agreement [with Yara] covers the long-term supply of up to 50% of renewable ammonia from Phase 1 of AM Green’s ammonia production facility in Kakinada. The plant will produce and export renewable ammonia derived from round-the-clock carbon-free energy by 2027.

For Yara Clean Ammonia, the renewable ammonia supply will contribute to producing low-emission fertilizer and decarbonizing industries like shipping and power.

Hans Olav Raen, CEO of Yara Clean Ammonia said, “The AM Green Kakinada project expands our portfolio of ammonia produced with renewable energy and consolidates Yara Clean Ammonia’s position as a reliable supplier of low-emission ammonia to established and emerging markets like fertilizer production, cracking of clean ammonia to hydrogen, shipping fuel, power generation, and other industrial applications.”

Yara Clean Ammonia operates the largest global ammonia network with 15 ships and has, through Yara, access to 18 ammonia terminals and multiple ammonia production and consumption sites across the world.

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