RWE Provide & Buying and selling indicators MoU with AM Inexperienced Ammonia BV for long-term provide of inexperienced ammonia from India

The Germany-based RWE Provide & Buying and selling has signed a Memorandum of Understanding (MoU) with AM Inexperienced Ammonia BV (AMG) for the long-term provide of inexperienced ammonia from its vegetation based mostly in India.

AMG is a subsidiary of AM Inexperienced, integrated by the founders of Hyderabad-based Greenko Group.

RWE Provide & Buying and selling is establishing itself as a key participant within the international hydrogen market. It focuses on inexperienced and blue hydrogen and its derivatives, corresponding to ammonia.

In line with a press release, the MoU outlines the provision of as much as 250,000 tonnes of inexperienced ammonia yearly. The ammonia might be sourced from AMG’s manufacturing websites in Kakinada and Tuticorin. Initially, 50,000 tonnes of inexperienced ammonia might be produced on the Kakinada website, with the remaining quantity of as much as 200,000 tonnes to be sourced from the Tuticorin facility.

Deliveries of inexperienced ammonia from AMG’s websites are anticipated to begin by 2027. An offtake settlement between RWE and AMG will element the contractual provisions and be signed subsequently.

The assertion stated the produced ammonia will meet EU requirements for Renewable Fuels of Non-Organic Origin (RFNBO) as outlined within the Renewable Vitality Directive (RED III). AMG’s facility in Kakinada has already been pre-certified for RFNBO compliance. Pre-certification for different amenities is underway.

Costas Papamantellos, Head of Worldwide Hydrogen Investments at RWE Provide & Buying and selling, stated, “ RWE is dedicated to investing in hydrogen and its low-carbon derivatives to assist industries obtain their local weather objectives. For this finish, we’re constructing sturdy provide chains with companions globally. Partnering with AMG permits us to safe inexperienced ammonia capacities at an early stage.”

Mahesh Kolli, Group President of AM Inexperienced: “This settlement emphasizes AM Inexperienced’s potential to align itself with an revolutionary and versatile contracting construction consistent with commodity buying and selling practices. Steady concentrate on innovation mixed with execution reinforces AM Inexperienced’s management place as a world clear vitality transition options platform for low-cost inexperienced molecules corresponding to hydrogen, ammonia, fuels and different chemical compounds.”