Negative
22Serious
Neutral
Optimistic
Positive
AM Green Ammonia Finalizes Project in Kakinada
AM Green Ammonia B.V. has achieved a Final Investment Decision (FID) for its green ammonia project in Kakinada, Andhra Pradesh, which aims for an initial production capacity of 1 million tonnes, scaling up to 5 million tonnes by 2030. The project, which will convert an existing urea plant into a green ammonia facility, is set to commence production in the second half of 2026. Major stakeholders in the venture include Gentari and GIC, and the facility will be powered by a combination of solar, wind, and pumped storage capacity, ensuring carbon-free energy. Offtake agreements have been secured with major companies like Uniper and Yara, primarily targeting European markets for its green hydrogen applications. The Kakinada plant has been pre-certified to meet EU RFNBO standards, highlighting its commitment to sustainable energy solutions. Anil Chalamalasetty, founder of AM Green, emphasized the project's significance in supporting global decarbonization efforts.
Negative
22Serious
Neutral
Optimistic
Positive
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.
Gift Subscriptions
The perfect gift for understanding
news from all angles.