RWE Signs MoU with AM Green Ammonia for Supply of Green Ammonia from India
Key Ideas
- RWE Supply & Trading has signed a MoU with AM Green Ammonia to receive up to 250,000 tonnes of green ammonia annually from production sites in Kakinada and Tuticorin, India.
- AM Green Ammonia's facilities will be powered by renewable sources like solar, wind, and hydroelectric power, meeting EU standards for Renewable Fuels of Non-Biological Origin.
- Deliveries of green ammonia are set to begin in 2027, supporting industries in achieving climate goals, with a focus on decarbonization in hard-to-abate sectors.
- The partnership reflects RWE's commitment to investing in hydrogen and its derivatives, creating strong supply chains globally and showcasing innovation in clean energy transition solutions.
RWE Supply & Trading, a Germany-headquartered energy company, has entered a Memorandum of Understanding (MoU) with AM Green Ammonia (AMG) for the long-term supply of green ammonia from AMG's production sites in Kakinada and Tuticorin, India. AMG, a subsidiary of the AM Green Group, founded by the Greenko Group, will provide up to 250,000 tonnes of green ammonia annually. The ammonia production will be entirely powered by carbon-free sources such as solar, wind, and hydroelectric power, adhering to EU standards for Renewable Fuels of Non-Biological Origin. Deliveries are expected to commence by 2027. This partnership underlines RWE's dedication to hydrogen investment and low-carbon derivatives to support industries in meeting climate objectives. AM Green focuses on developing green molecules like hydrogen, ammonia, biofuels, and more for decarbonization. The agreement highlights AM Green's leadership in clean energy solutions and its alignment with innovative contracting structures.
Topics
Investing
Renewable Energy
Innovation
Renewable Fuels
Decarbonization
Climate Goals
Supply Chain
Energy Trading
Carbon-free Energy
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