AM Green Ammonia B.V. announced it has reached Final Investment Decision (FID) for its first million-ton green ammonia project located in the Kakinada district of the Indian state of Andhra Pradesh. The company aims to achieve a green ammonia production capacity of 5 million ton per annum (mtpa) by 2030—equivalent to about 1 mtpa of green hydrogen.
AM Green, set up by the founders of Greenko, also has Gentari and GIC as its shareholders.
In addition to the Kakinada project, AM Green plans green ammonia production across multiple locations in India to achieve its planned 5 mtpa of green ammonia capacity by 2030.
Anil Chalamalasetty, founder, Greenko Group and AM Green, said, “[The FID status achieved by our Kakinada plant] is a significant milestone for AM Green as it reinforces our position as a leading energy transition solutions platform helping to decarbonize industries like refineries, shipping, fertilizers, power generation, chemicals and others through low-cost green molecules and its derivatives.”
The total Kakinada project spend will include the units for green hydrogen generation and its subsequent conversion to green ammonia, along with all associated balance of plant and infrastructure.
This project will be located at an existing urea plant in Kakinada, which AM Green Ammonia acquired earlier this year and forms part of the above capex spend. AM Green Ammonia plans to convert this facility into a green ammonia producing unit, with production set to start in the second half of 2026.
“The Kakinada facility has been pre-certified by CertifHy as complying with the EU RFNBO requirements for green ammonia, including additionality and hourly matching of renewables. Most of the production from this facility will be exported to European markets,” stated AM Green Ammonia.
AM Green Ammonia has already executed the project offtake term sheets with major players such as Uniper, Yara and Keppel for intended end use in a range of green hydrogen applications.
The company has secured the required 1.3 GW round-the-clock carbon-free power enabled through 4.5 GW solar and wind hybrid capacity in combination with 950 MW of pumped hydro storage capacity.
A 25-year fixed-price power purchase agreement (PPA) with NTPC, covering half of the power requirement, is already in place. The remaining capacity is expected to be supplied by Gentari.
AM Green has partnered with John Cockerill for 1.3 GW of advanced pressurized alkaline electrolyzers for this project.
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