Renewable energy company AM Green has partnered with global logistics giant DP World to establish a supply chain for green fuels and chemicals.
Under a memorandum of understanding (MoU) signed in December 2024, the two companies will collaborate to develop logistics and storage infrastructure to facilitate the global export of 1 million tonne per annum (MTPA) of green ammonia and 1 MTPA of green methanol.
The agreement includes developing port infrastructure across AM Green Net-Zero Industrial Clusters to facilitate global exports, developing bunkering infrastructure across Dubai, India, and Southeast Asia for green ammonia and methanol supplied from AM Green plants, establishing strategic terminal infrastructure across the EU, Far East, and UAE to provide the required zero carbon supply chain to support their transition to a low carbon economy, AM Green said.
AM Green stated that it is developing multiple projects across the country, using renewable energy sources, including solar, wind and hydroelectric power, to produce sustainable aviation fuel (SAF), green ammonia, green hydrogen, chemicals and biofuels.
The company plans to set up related technology partnerships and services through its various business verticals which are housed in the subsidiaries of AM Green.
It said it has goal to reach 5 MTPA of green ammonia capacity by 2030. The company has already taken a final investment decision for a 1 MTPA Green Ammonia plan in Kakinada, Andhra Pradesh on India’s eastern coast.
Mahesh Kolli, founder, Greenko Group & AM Green, said: “This strategic partnership will enable us to efficiently export green Ammonia, green methanol, and other sustainable fuels, enhancing the global green supply chain and supporting the global shift to a low-carbon economy.”
Yuvraj Narayan, group deputy CEO and CFO, DP World Group, said: “DP World aims to be essential to the future of global trade, ensuring everything it does has a long-lasting positive impact on economies and societies. . Together, we aim to play a pivotal role in enabling a low-carbon economy and advancing global sustainability goals.”
