Yara Clean, Greenko ZeroC sign term sheet for renewable ammonia supply

“The venture will also set up an international renewables and storage business and a joint venture for making electrolysers with John Cockerill of Belgium,” it said.

Written by FE Bureau

May 14, 2024 00:30 IST

By 2027, the Kakinada plant will produce and export renewable ammonia sourced from round-the-clock carbon-free energy. (Image- Screengrab: greenkogroup.com)

Yara Clean Ammonia on Monday signed a long-term deal with Greenko ZeroC, the green ammonia production arm of AM Green, securing 50% of renewable ammonia supply from Phase 1 of its ammonia production facility in Kakinada (Andhra Pradesh).

By 2027, the Kakinada plant will produce and export renewable ammonia sourced from round-the-clock carbon-free energy. The supplied renewable ammonia to Yara Clean Ammonia will help it produce low-emission fertilizer and for decarbonising various industries such as shipping, power, and other industries in its global market, the company 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 fertiliser production, cracking of clean ammonia to hydrogen, shipping fuel, power generation, and other industrial applications,” said Hans Olav Raen, CEO, Yara Clean Ammonia.AM Green is developing one of world’s largest green ammonia platforms with a production capacity of 1 million tonne at Kakinada in two phases with further plans to ramp it up to 5 million tonnes per annum by 2030.

“We are delighted to partner with Yara Clean Ammonia to propel the transformation of various industries and several OECD (Organisation for Economic Co-operation and Development) economies,” said Mahesh Kolli, president of AM Green. “Continuous focus on innovation combined with execution reinforces AM Green’s leadership position as a global clean energy transition solutions platform for low-cost green molecules such as hydrogen, ammonia, fuels and other chemicals.”

The company, incorporated by the founders of Greenko Group, is developing production capabilities for green molecules (green hydrogen, green ammonia, biofuels, e-methanol, sustainable aviation fuels and various downstream high value chemicals) for decarbonization in hard to abate industries. “The venture will also set up an international renewables and storage business and a joint venture for making electrolysers with John Cockerill of Belgium,” it said.

This article was first uploaded on May fourteen, twenty twenty-four, at thirty minutes past twelve in the am.